Volume 799, Page 3 View pdf image |
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ROBERT L. EHRLICH, JR., Governor Ch. 1 Article - Insurance 14-504. (a) (1) There is a Maryland Health Insurance Plan Fund. (2) The Fund is a special nonlapsing fund that is not subject to § 7-302 of (3) The Treasurer shall separately hold and the Comptroller shall (4) The Fund shall be invested and reinvested at the direction of the (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 (7) The Fund shall be used only to provide funding for the purposes (b) The Fund shall consist of: (1) premiums for coverage that the Plan issues; (2) EXCEPT AS PROVIDED IN § 14-513(A) OF THIS SUBTITLE, premiums (3) money collected in accordance with § 19-219 of the Health - General (4) money deposited by a carrier in accordance with § 14-513 of this (5) income from investments that the Board makes or authorizes on (6) interest on deposits or investments of money from the Fund; and (7) money collected by the Board as a result of legal or other actions (C) (1) THE BOARD MAY ALLOW THE ADMINISTRATOR TO USE PREMIUMS (2) THE ADMINISTRATOR: (I) SHALL DEPOSIT ALL PREMIUMS FOR PLAN ENROLLEES IN A - 3 -
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Volume 799, Page 3 View pdf image |
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