Maryland § 6.5-303

§ 6.5-303.

    In determining whether to approve an acquisition of a nonprofit health service plan or a nonprofit health maintenance organization, the Administration shall consider:

        (1)    the criteria listed in § 6.5–301 of this subtitle; and

        (2)    whether the acquisition:

            (i)    is equitable to enrollees, insureds, shareholders, and certificate holders, if any, of the transferor;

            (ii)    is in compliance with Title 2, Subtitle 6 of the Corporations and Associations Article; and

            (iii)    ensures that the transferee will possess surplus in an amount sufficient to:

                1.    comply with the surplus required under law; and

                2.    provide for the security of the transferee’s certificate holders and policyholders.