(a) The Board shall establish a trust account to hold premium payments accepted from qualified plan enrollees and small employers by the Exchange on behalf of a carrier under contract or other agreement.
(b) The trust account may be used only to hold a premium payment until the Exchange transmits the premium payment to the carrier on whose behalf the Exchange accepted the premium payment.
(c) The Exchange shall maintain separate records of account for each carrier on whose behalf it accepts premium payments.
(d) The payment of a premium by an enrollee or a small employer to the Exchange is deemed to be a payment to the carrier on whose behalf the Exchange accepted the premium payment.
Structure Maryland Statutes
Title 31 - Maryland Health Benefit Exchange
Subtitle 1 - Maryland Health Benefit Exchange
Section 31-102 - Maryland Health Benefit Exchange Established
Section 31-103 - Applicable Statutory Provisions; Exceptions
Section 31-104 - Board of Trustees
Section 31-105 - Executive Director
Section 31-106 - Powers of Board
Section 31-107 - Maryland Health Benefit Exchange Fund
Section 31-107.1 - Trust Account
Section 31-107.2 - Budget Appropriations
Section 31-108 - Functions and Operations of Exchange
Section 31-109 - Interstate Agreements and Memoranda of Understanding
Section 31-110 - Prerequisites to Making Qualified Plans Available
Section 31-111 - Shop Exchange
Section 31-112 - Shop Exchange Navigator Program
Section 31-113 - Navigator Program for Individual Exchange
Section 31-113.1 - Consolidated Services Center
Section 31-114 - Specific Financial Support for Services Not Required
Section 31-115 - Certification of Health Benefit, Dental, Vision Plans, and Stand-Alone Dental Plans
Section 31-117 - State Reinsurance Program
Section 31-117.1 - Submission of Application; Waivers
Section 31-118 - Funding for Operations of Exchange
Section 31-119 - Administration of Exchange