§ 6.5-305
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/md/state-government/6-5-305·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6.5–305.
(a)The Secretary of the Department may revoke or suspend a license to operate a hospital in accordance with § 19-327 of the Health - General Article if an acquisition occurs without the approval of the Attorney General.
(b)An acquisition of a nonprofit health service plan or a nonprofit health maintenance organization may not occur without the approval of the Administration.
(c)A nonprofit health service plan or a nonprofit health maintenance organization may not be operated for profit.
(d)If the Commissioner determines that a nonprofit health service plan or a nonprofit health maintenance organization is in violation of subsection
(b)or
(c)of this section, the Commissioner may, in addition to any other remedies authorized by law, require the following:
(1)the divestiture of the acquisition;
(2)that the entity fully comply with this title;
(3)that the entity file a plan for conversion to a for-profit entity as required under this title;
(4)that the certificate of authority of the entity to operate as a nonprofit health service plan or a nonprofit health maintenance organization in this State be revoked or suspended; or
(5)the payment of a penalty as provided for in § 4-113(d)(1) of the Insurance Article for each violation of subsection
(b)or
(c)of this section.