§ 6.5-303
104 words·~1 min read·
/md/state-government/6-5-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6.5–303.
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.