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ROBERT L. EHRLICH, JR., Governor Ch. 357
WHEREAS, The Insurance Commissioner found that. CareFirst matched or
exceeded other nonprofit and for-profit insurers on capital spending and that
CareFirst has adequate capital to fund its capital investment needs; now, therefore,
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article—Insurance
14-102.
(A) THE PURPOSE OF THIS SUBTITLE IS;
(1) TO REGULATE THE FORMATION AND OPERATION OF NONPROFIT
HEALTH SERVICE PLANS IN THE STATE; AND
(2) TO PROMOTE THE FORMATION AND EXISTENCE OF NONPROFIT
HEALTH SERVICE PLANS, IN THE STATE THAT;
(I) ARE COMMITTED TO A NONPROFIT CORPORATE STRUCTURE;
(II) SEEK TO PROVIDE INDIVIDUALS, BUSINESSES, AND OTHER
CROUPS WITH THE MOST AFFORDABLE AND ACCESSIBLE HEALTH INSURANCE
POSSIBLE; AND
(III) RECOGNIZE A RESPONSIBILITY TO CONTRIBUTE TO THE
IMPROVEMENT OF THE OVERALL HEALTH STATUS OF MARYLAND RESIDENTS.
(B) A NONPROFIT HEALTH SERVICE PLAN THAT COMPLIES WITH THE
PROVISIONS OF THIS SUBTITLE IS DECLARED TO BE A PUBLIC BENEFIT
CORPORATION THAT IS EXEMPT FROM TAXATION AS PROVIDED BY LAW.
(C) THE MISSION OF A NONPROFIT HEALTH SERVICE PLAN SHALL BE TO;
(1) PROVIDE HEALTH INSURANCE AT AFFORDABLE PRICES THROUGH
EMPLOYER AND OTHER CROUP AND INDIVIDUAL PRODUCTS;
(1) PROVIDE AFFORDABLE AND ACCESSIBLE HEALTH INSURANCE TO
THE PLAN'S INSUREDS AND THOSE PERSONS INSURED OR ISSUED HEALTH BENEFIT
PLANS BY AFFILIATES OR SUBSIDIARIES OF THE PLAN;
(2) ASSIST AND SUPPORT PUBLIC AND PRIVATE HEALTH CARE
INITIATIVES FOR INDIVIDUALS WITHOUT HEALTH INSURANCE; AND
(3) PROMOTE THE INTEGRATION OF A STATEWIDE HEALTH CARE
SYSTEM THAT MEETS THE HEALTH CARE NEEDS OF ALL MARYLAND CITIZENS.
(D) A NONPROFIT HEALTH SERVICE PLAN SHALL;
(1) DEVELOP COALS, OBJECTIVES, AND STRATEGIES FOR CARRYING
OUT ITS STATUTORY MISSION;
(2) REPORT QUARTERLY ON OR BEFORE OCTOBER 1, 2003 THROUGH
OCTOBER 1, 2006 TO THE JOINT BLUE CROSS AND BLUESHIELD OVERSIGHT
COMMITTEE ON ITS PERFORMANCE; AND
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