§ 19-727
137 words·~1 min read·
/md/health-general/19-727·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§19–727.
(a)Except as provided in subsection
(b)of this section, a health maintenance organization is not exempted from any State, county, or local taxes solely because of this subtitle.
(1)A nonprofit health maintenance organization that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code is not subject to the insurance premium tax under Title 6, Subtitle 1 of the Insurance Article.
(2)Premiums received by an insurer under policies that provide health maintenance organization benefits are not subject to the premium tax imposed under Title 6, Subtitle 1 of the Insurance Article to the extent:
(i)Of the amounts actually paid by the insurer to a nonprofit health maintenance organization that operates only as a health maintenance organization; or
(ii)The premiums have been paid by that nonprofit health maintenance organization.