Maryland Insurance Commissioner v. Kaplan

McDonald, j.

CareFirst has a unique public and charitable mission under State law to ensure affordable and adequate health care for *284Maryland residents. In light of that mission it enjoys a variety of tax and other benefits under the law. State law confers broad authority on the Maryland Insurance Commissioner (“Commissioner”) to oversee its operation and its adherence to its mission.

As this Court noted in 1994, because CareFirst has no shareholders, the Commissioner has -an enhanced role in preventing abuses and misuse of corporate funds. One concern is the payment of excessive executive…