Md. Code Ann., Ins. § 14-414

Restrictions on use of gross contract and certificate income

Effective Oct 1, 1997Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.State of Maryland

A dental plan organization may not use more than 50% of its gross contract and certificate income in any fiscal year for general operating expenses, acquisition expenses, and miscellaneous taxes, licenses, and fees.

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.

Formerly Art. 48A, § 591.

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