Maryland Code § IN-14-405

Section IN-14-405
Open in Lexace · Ask the AI about this section
(a) An applicant for a certificate of authority shall:
(1) file with the Commissioner an application, verified by an officer
or authorized representative of the dental plan organization, on the form that the
Commissioner provides; and
(2) pay to the Commissioner an application fee of $200.
(b) An application for a certificate of authority shall include:
(1) the basic organizational documents of the dental plan
organization, including the articles of incorporation, articles of association,
partnership agreement, trade name certificate, trust agreement, and shareholder
agreement;
(2) all amendments to the organizational documents of the dental
plan organization;
(3) the bylaws, rules and regulations, or similar documents that
regulate the conduct or internal affairs of the dental plan organization;

(4) the names, addresses, and official positions of the individuals who
are responsible for conducting the affairs of the dental plan organization, including:
(i) the members of the board of directors, board of trustees,
executive committee, or other governing board or committee;
(ii) for a corporation, the principal officers; and
(iii) for a partnership or association, the partners or members;
(5) each contract made between a dentist and the dental plan
organization;
(6) each contract made between a dentist and an individual listed in
item (4) of this subsection, a consultant, or a business manager;
(7) a description of the dental plan organization and its dental plan
or plans, facilities, and personnel;
(8) the form of evidence of coverage to be issued to enrollees;
(9) the form of each group contract that is issued to employers,
unions, trustees, or others;
(10) a financial statement that details the assets, liabilities, and
sources of financial support for the dental plan organization or, if the financial affairs
are audited by an independent certified public accountant, a copy of the most recent
regular certified financial statement, unless the Commissioner determines that
additional or more recent financial information is required for the proper
administration of this subtitle;
(11) the proposed method of marketing the dental plan, a financial
plan with a 3-year projection of the initial operating results, and a statement of the
sources of working capital and any other sources of funding;
(12) if a dental plan organization is not domiciled in the State, an
executed power of attorney that appoints the Commissioner as attorney for service of
process issued against the dental plan organization in the State;
(13) a description of the geographic area to be served by the dental
plan organization; and
(14) any other information that the Commissioner requires.

‹ Prev All Maryland sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.