Section 15-102.6 - Applicability of other provisions; regulations. - Maryland Statutes

§ 15-102.6. Applicability of other provisions; regulations.
 

(a)  Applicability of Title 7 of the Insurance Article.- Subject to subsection (b) of this section, the provisions of Title 7 of the Insurance Article apply to managed care organizations. 

(b)  Consultation with Secretary.- Before approving a transaction under § 7-306 of the Insurance Article, the Insurance Commissioner shall consult with the Secretary. 

(c)  Regulations.- The Insurance Commissioner: 

(1) Shall adopt regulations establishing a reporting materiality threshold; and 

(2) May adopt regulations necessary to implement the provisions of this section. 

(d)  Transaction preempted by federal law.- The provisions of this section may not apply to any transaction preempted by federal law. 
 

[2002, ch. 117.]