|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 18 2002 LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
2. a union or association of unions;
3. an association of individuals who have the same
occupation or profession;
4. an association of civil service employees;
5. a religious, charitable, recreational, educational, civic, or
fraternal organization or association;
6. a school;
7. a sports team;
8. a volunteer fire department; or
9. a group approved by the Commissioner that has a common
administrative capacity, is not organized primarily for the sale of insurance, and has
sufficient numbers to allow for lower rates.
(2) "Wholesale life insurance" does not include a policy solely because the
premium for the policy is paid by salary deduction, salary savings, payroll allotment,
or similar arrangement.
DRAFTER'S NOTE:
Error: Function paragraph of bill being cured incorrectly indicated that §
1-101(r) of the Insurance Article was being amended to be § 1-101(q).
Occurred: Chapter 731 (Senate Bill 576) of the Acts of 2001.
Chapter 701 of the Acts of 2001
SECTION 2. AND BE IT FURTHER ENACTED, That, if the Maryland Health
Care Foundation receives a distribution of public or charitable assets as the result of
an acquisition of a nonprofit health service plan or a nonprofit health maintenance
organization, approved by the Maryland Insurance Administration on or after June 1,
2001, in accordance with Title 6.5 of the State Government Article:
(a) (1) There is a Maryland Health Care Trust;
(2) The Trust is a body corporate, subject to modification or termination
by the General Assembly;
(3) The purpose of the Trust is to:
(i) be of general benefit to the residents of the State;
(ii) be charitable in nature; and
(iii) to accept and retain moneys for future expenditures to be used
to implement Acts of the General Assembly, other than the State budget bill, that:
1. improve the health status of residents of the State; and
|
|
|
|
|
|
|
|
|
|
- 104 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
