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ROBERT L. EHRLICH, JR., Governor Ch. 330
companies. The loans shall be in such amounts and upon such terms as are approved
by the [board of county commissioners] BOARD OF COUNTY COMMISSIONERS.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2004.
Approved May 11, 2004.
CHAPTER 330
(House Bill 350)
AN ACT concerning
Nonprofit Health Service Plans - Compensation of Officers and Executives —
Authority of Insurance Commissioner
FOR the purpose of making changes to conform certain provisions of the Insurance
Article relating to nonprofit health service plans to the Order and Consent
Judgment rendered by the U.S. District Court for the District of Maryland in the
case of State of Maryland v. Blue Cross & Blue Shield Association and CareFirst,
Inc.; altering the authority of the Maryland Insurance Commissioner for the
review and approval of certain compensation guidelines for officers and
executives of certain nonprofit health service plans; requiring the board of
directors of certain nonprofit health service plans to provide a copy of certain
compensation guidelines to the Commissioner on or before a certain date;
providing for the application of this Act; making this Act an emergency measure;
and generally relating to the authority of the Maryland Insurance
Commissioner over nonprofit health service plans.
BY repealing and reenacting, with amendments,
Article - Insurance
Section 14-139(d) and (e)
Annotated Code of Maryland
(2002 Replacement Volume and 2003 Supplement)
Preamble
WHEREAS, Chapters 356 and 357, Acts of 2003 (the "Act"), reformed certain
statutory requirements for nonprofit health service plans issued a certificate of
authority in the State; and
WHEREAS, On May 21, 2003, the Blue Cross and Blue Shield Association (the
"Association") filed suit against CareFirst, Inc. ("CareFirst") in the U.S. District
Court for the Northern District of Illinois to terminate CareFirst's continued use of
the Blue Cross and Blue Shield trademark and name ("Blue Marks"); and
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