Maryland Code, INSURANCE 6-103.2
Terms Used In Maryland Code, INSURANCE 6-103.2
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(ii) The operation and administration of the Maryland Health Benefit Exchange may include functions delegated by the Maryland Health Benefit Exchange to a third party under law or by contract.
(2) (i) The distribution under paragraph (1) of this subsection shall be allocated from the tax imposed on a person under § 6-102 of this subtitle on premiums for health insurance.
(ii) For purposes of this paragraph, “person” does not include:
1. a managed care organization authorized by Title 15, Subtitle 1 of the Health – General Article; or
2. a for-profit health maintenance organization authorized by Title 19, Subtitle 7 of the Health – General Article.
(b) For State fiscal year 2015 and each State fiscal year thereafter, the amount to be distributed under subsection (a) of this section shall be sufficient to fully fund the operation and administration of the Maryland Health Benefit Exchange for the State fiscal year.