Maryland Insurance Section 14-115.1

      (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.

      (b)      (1)      An officer of a nonprofit health service plan shall act:

                  (i)      in good faith;

                  (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;

                  (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

                  (iv)      with the care that an ordinarily prudent person in a like position would use under similar circumstances.

            (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.

            (3)      A violation of this subsection shall be considered an unsound or unsafe business practice under § 14-116 of this subtitle.