Ch. 357

2003 LAWS OF MARYLAND

(4) The Fund shall be invested and reinvested at the direction of the
Board in a manner that is consistent with the requirements of Title 5, Subtitle 6 of
this article.

(5) Any investment earnings shall be retained to the credit of the Fund.

(6) On an annual basis, the Fund shall be subject to an independent
actuarial review setting forth an opinion relating to reserves and related actuarial
items held in support of policies and contracts.

(7) The Fund shall be used only to provide funding for the purposes
authorized under this subtitle.

(b) The Fund shall consist of:

(1) premiums for coverage that the Plan issues;

(2)     premiums paid by enrollees of the Senior Prescription Drug Program;

(3) money collected in accordance with § 19-219 of the Health—General
Article;

(4)     money deposited by a carrier in accordance with § 14-513 of this
subtitle;

(5) income from investments that the Board makes or authorizes on
behalf of the Fund;

(6) interest on deposits or investments of money from the Fund; [and]

(7) PREMIUM TAX REVENUE COLLECTED UNDER § 14-107 OF THIS TITLE;
AND

[(7)] (8) money collected by the Board as a result of legal or other actions
taken by the Board on behalf of the Fund.

Article—State Government

2-10A-08.

(A) THERE IS A JOINT BLUECROSS AND BLUESHIELD OVERSIGHT
COMMITTEE.

(B) (1) THE COMMITTEE CONSISTS OF 15 17 MEMBERS.

(2) OF THE 15 17 MEMBERS:

(I) 1. TWO SHALL BE MEMBERS OF THE SENATE APPOINTED BY
THE PRESIDENT OF THE SENATE;

2. TWO SHALL BE MEMBERS OF THE HOUSE OF DELEGATES
APPOINTED BY THE SPEAKER OF THE HOUSE; AND

(II) 11 13 SHALL BE APPOINTED JOINTLY BY THE PRESIDENT OF
THE SENATE AND THE SPEAKER OF THE HOUSE OF DELEGATES AS FOLLOWS:

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