BALTIMORE –There have been numerous reports in the press regarding insurance entities that have directly or indirectly been involved in making payments to entities for Healthy Holly, LLC books.
We are cooperating with other investigations being done by the state and city related to the University of Maryland Medical System board transactions. The Maryland Insurance Administration (“MIA”) made an initial determination to conduct a targeted market conduct examination of three of those entities. The MIA has since made the decision to expand the number of reviews and will not be releasing information on those reviews until they conclude.
From this point, the MIA will not be commenting on these ongoing investigations. As with all other investigations, if the MIA determines that there have been violations of the insurance laws of Maryland, the findings will be included in any orders that are issued. As is the MIA’s practice, the orders will be made public.
About the Maryland Insurance Administration
The Maryland Insurance Administration (MIA) is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the MIA, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin or Twitter at @MD_Insurance or LinkedIn at https://www.linkedin.com/company/432297/admin/ or Instagram at @marylandinsuranceadmin.
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