Md. Code, State Government § 6.5-303
Md. Code, State Government § 6.5-303
in effect§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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsg§ion=6.5-303&enactments=falseFetched: 10/17/2026