{"data":{"id":"us-md/md.-code-insurance-14-115.1","jurisdiction":"us-md","citation":"Md. Code, Insurance § 14–115.1","heading":"","body":"(a) In this section, “officer” means any officer that a Maryland corporation is required or permitted to have under § 2-412 of the Corporations and Associations Article.\n(b) (1) An officer of a nonprofit health service plan shall act:\n(i) in good faith;\n(ii) in a manner that is reasonably believed to be in the best interests of the corporation and its controlled affiliates or subsidiaries that offer health benefit plans;\n(iii) in a manner that is consistent with the mission of a nonprofit health service plan as required under § 14-102(c) of this subtitle; and\n(iv) with the care that an ordinarily prudent person in a like position would use under similar circumstances.\n(2) Except for the receipt of reasonable remuneration in conformity with § 14-139 of this subtitle, an officer of a nonprofit health service plan may not use the position of officer for personal or financial enrichment.\n(3) A violation of this subsection shall be considered an unsound or unsafe business practice under § 14-116 of this subtitle.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=14-115.1","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"392e5442aeb8add53154fcc80da9b8ac77343b3eb3b91f4c6b27bbac43c6b4c9","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-14-115","next":"us-md/md.-code-insurance-14-116"},"notice":"GroundRules: Original legal text. Not legal advice."}