Section 31-107.1 – Trust Account
(a) The Board shall establish a trust account to hold premium payments accepted from qualified plan enrollees and small employers by the Exchange on behalf of a carrier under contract or other agreement. (b) The trust account may be used only to hold a premium payment until the Exchange transmits the premium payment to the carrier on […]
Section 31-107.2 – Budget Appropriations
(a) (1) For State fiscal year 2015 and for each State fiscal year thereafter, from the funds received from the distribution of the premium tax under § 6–103.2 of this article, the Governor shall provide an appropriation in the State budget adequate to fully fund the operations of the Exchange. (2) (i) For State fiscal year 2015, the appropriation […]
Section 31-108 – Functions and Operations of Exchange
(a) On or before January 1, 2014, the functions and operations of the Exchange shall include at a minimum all functions required by § 1311(d)(4) of the Affordable Care Act. (b) In compliance with § 1311(d)(4) of the Affordable Care Act, the Exchange shall: (1) make qualified plans available to qualified individuals and qualified employers; (2) allow a carrier […]
Section 28-110 – Short Title
This title is the Holocaust Victims Insurance Act.
Section 31-109 – Interstate Agreements and Memoranda of Understanding
(a) Subject to subsection (b) of this section, the Exchange may enter into agreements or memoranda of understanding with another state to: (1) develop joint or reciprocal certification processes; (2) develop consistency in qualified plans offered across states; and (3) coordinate resources for administrative processes necessary to support: (i) certification of qualified plans; and (ii) other functions of the Exchange. (b) Any […]
Section 29-101 – Compact Entered Into; General Provisions
The State of Maryland hereby enters the Interstate Insurance Product Regulation Compact as set forth in this section. The Compact shall take effect in accordance with Article XIII of the Compact. The text of the Compact is as follows: Article I. Purposes. The purposes of this Compact are, through means of joint and cooperative action […]
Section 31-110 – Prerequisites to Making Qualified Plans Available
(a) In making qualified plans available to individuals and employers through contracts with carriers, the Exchange first shall seek to: (1) achieve a robust and stable enrollment in the Exchange; and (2) decrease the number of State residents without health insurance coverage. (b) (1) Subject to subsection (e) of this section, the Exchange, with the market impact and leverage attained […]
Section 29-102 – Insurance Commissioner as Representative to Commission
The Insurance Commissioner of the Maryland Insurance Administration is hereby appointed as the State of Maryland’s representative to the Interstate Insurance Product Regulation Commission.
Section 31-111 – Shop Exchange
(a) The SHOP Exchange: (1) shall be a separate insurance market within the Exchange for small employers; and (2) may not be merged with the individual market of the Individual Exchange. (b) The SHOP Exchange shall be designed to balance: (1) the viability of the SHOP Exchange as an alternative for qualified employers and their employees who have not been […]
Section 30-101 – Definitions
(a) In this title the following words have the meanings indicated. (b) “Reporting insurer” means an insurer that is a member of a holding company that has been designated by the holding company as responsible for submitting a report under § 30–102 of this title on behalf of the insurer and other insurers in the holding company. […]