|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor Ch. 154
|
|
|
|
|
|
|
|
|
|
(h) "Nonprofit health service plan" means a corporation without capital stock
with a certificate of authority from the Insurance Commissioner to operate as a
nonprofit health service plan or a nonprofit dental plan.
(i) "Public assets" include:
(1) assets held for the benefit of the public or the community;
(2) assets in which the public has an ownership interest; and
(3) assets owned by a governmental entity.
(j) "Regulating entity" means:
(1) for an acquisition of a nonprofit hospital, the Attorney General in
consultation with the Department; AND
(2) [for an acquisition of a nonprofit health service plan, the
Administration; and
(3)] for an acquisition of a nonprofit health maintenance organization,
the Administration.
(k) "Transferee" means the person in an acquisition that receives the
ownership or control of the nonprofit health entity that is the subject of the
acquisition.
(1) "Transferor" means the nonprofit health entity that is the subject of the
acquisition, or the corporation that owns the nonprofit health entity that is the
subject of the acquisition.
6.5-102.
(A) A PERSON MAY NOT ENGAGE IN AN ACQUISITION OF A NONPROFIT
HEALTH SERVICE PLAN.
(B) A person may not engage in on acquisition of a nonprofit health entity
unless the transferer and the transferee receive the approval of the appropriate
regulating entity.
6.5-301.
(a) The appropriate regulating entity shall approve an acquisition unless it
finds the acquisition is not in the public interest.
(b) An acquisition is not in the public interest unless appropriate steps have
been taken to:
(1) ensure that the value of public or charitable assets is safeguarded;
(2) ensure that:
|
|
|
|
|
|
|
|
|
|
- 1561 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
