Section 15-102.3 - Applicability of certain provisions - Examination of financial affairs and status. - Maryland Statutes

§ 15-102.3. Applicability of certain provisions - Examination of financial affairs and status.
 

(a)  Applicability of § 15-112 of the Insurance Article.- The provisions of § 15-112 of the Insurance Article (Provider panels) shall apply to managed care organizations in the same manner they apply to carriers. 

(b)  Applicability of § 15-1005 of the Insurance Article.- The provisions of § 15-1005 of the Insurance Article shall apply to managed care organizations in the same manner they apply to health maintenance organizations. 

(c)  Applicability of §§ 4-311, 15-604, 15-605 and 15-1008 of the Insurance Article.- The provisions of §§ 4-311, 15-604, 15-605, and 15-1008 of the Insurance Article shall apply to managed care organizations in the same manner they apply to carriers. 

(d)  Applicability of §§ 19-712, 19-713.2, and 19-713.3 of this article.-  

(1) The provisions of §§ 19-712(b), (c), and (d), 19-713.2, and 19-713.3 of this article apply to managed care organizations in the same manner they apply to health maintenance organizations. 

(2) The Insurance Commissioner shall consult with the Secretary before taking any action against a managed care organization under this subsection. 

(e)  Applicability of § 15-112.1 of the Insurance Article.- The provisions of § 15-112.1 of the Insurance Article apply to managed care organizations in the same manner they apply to carriers. 

(f)  Applicability of § 19-718 of this article; examination of financial affairs.- The Insurance Commissioner or an agent of the Commissioner shall examine the financial affairs and status of each managed care organization at least once every 5 years. 
 

[1996, ch. 352; 1997, ch. 70, § 4; 1999, ch. 472; 2000, ch. 323, § 2; 2001, ch. 29, § 1; 2007, ch. 452; 2009, chs. 90, 91.]