Section 15-102.6 - Applicability of other provisions; regulations.
§ 15-102.6. Applicability of other provisions; regulations.
(a) Applicability of Title 7 of the Insurance Article.- Subject to subsection (b) of this section, the provisions of Title 7 of the Insurance Article apply to managed care organizations.
(b) Consultation with Secretary.- Before approving a transaction under § 7-306 of the Insurance Article, the Insurance Commissioner shall consult with the Secretary.
(c) Regulations.- The Insurance Commissioner:
(1) Shall adopt regulations establishing a reporting materiality threshold; and
(2) May adopt regulations necessary to implement the provisions of this section.
(d) Transaction preempted by federal law.- The provisions of this section may not apply to any transaction preempted by federal law.
[2002, ch. 117.]