Section 10-467 - Final determination of financial difficulty. - Maryland Statutes

§ 10-467. Final determination of financial difficulty.
 

(a)  In general.- Within 25 days after receipt of the Committee's recommendations, the Department shall consider the recommendations and make a final determination of whether financial difficulty exists and, if so, whether there is a significant risk of financial failure in accordance with § 10-469 of this subtitle. 

(b)  Notice to provider.- If the Department determines that the provider is in financial difficulty it shall immediately notify the provider by certified mail, return receipt requested, and inform the provider whether the Department has determined that there is a significant risk of financial failure. 

(c)  Meeting with representatives of subscribers.- The provider shall: 

(1) advise its subscribers of the Department's determination in a meeting to be held by the provider with representatives of the subscribers; 

(2) hold the meeting within 10 days after the provider's receipt of notice from the Department; and 

(3) advise the Department of the date, time, and location of the meeting. 
 

[An. Code 1957, art. 70B, § 17A(d); 2007, ch. 3, § 2.]