S.B. 4                                                     VETOES

ACTION IN RESPONSE TO A WARNING RECEIVED UNDER PARAGRAPH (1) OF THIS
SUBSECTION, THE COMMISSIONER MAY IMPOSE A CIVIL PENALTY NOT EXCEEDING
$125,000 FOR EACH WARNING.

[(2)] (3) The Commissioner shall send a copy of the warning OR, IF A
CIVIL PENALTY IS IMPOSED UNDER PARAGRAPH (2) OF THIS SUBSECTION, A COPY OF
THE ORDER:

(i) by certified mail, return receipt requested, bearing a postmark
from the United States Postal Service, to each director of the nonprofit health service
plan; and

(ii) if the nonprofit health service plan is a corporation incorporated
in a state other than this State, to the insurance commissioner of the state in which
the corporation is incorporated.

14-139.

(a)     An officer, director, or employee of a corporation operating under this
subtitle may not:

(1)     willfully violate a provision of this article or a regulation adopted
under this article;

(2)     willfully misrepresent or conceal a material fact in a statement,
report, record, or communication [submitted] PROVIDED to the Commissioner;

(3)     willfully misrepresent OR CONCEAL a material fact to the board of
directors;

(4)     misappropriate or fail to account properly for money that belongs to
the corporation, an insurer, insurance producer, subscriber, or certificate holder;

(5)     engage in fraudulent or dishonest practices in connection with the
provision or administration of a health service plan;

(6)     willfully fail to produce records or allow an examination under §
14-125 of this subtitle; or

(7)     willfully fail to comply with a lawful order of the Commissioner.

Article - State Government

6.5-201.

(b)     An application shall include:

(1)     the name of the transferor;

(2)     the name of the transferee;

(3)     the names of any other parties to the acquisition agreement;

(4)     the terms of the proposed acquisition, including the sale price;

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