Maryland Statutes
Subtitle 3 - Review Criteria and Penalties
Section 6.5-303 - Considerations by Administration

In determining whether to approve an acquisition of a nonprofit health service plan or a nonprofit health maintenance organization, the Administration shall consider:
        (1)    the criteria listed in § 6.5–301 of this subtitle; and
        (2)    whether the acquisition:
            (i)    is equitable to enrollees, insureds, shareholders, and certificate holders, if any, of the transferor;
            (ii)    is in compliance with Title 2, Subtitle 6 of the Corporations and Associations Article; and
            (iii)    ensures that the transferee will possess surplus in an amount sufficient to:
                1.    comply with the surplus required under law; and
                2.    provide for the security of the transferee’s certificate holders and policyholders.

Structure Maryland Statutes