<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".12" citation="COMAR 31.10.22.12" title_num="31" subtitle_num="10" chapter_num="22" heading="Annual Report.">
  <paragraph num="A.">
    <text>Required. Each licensed provider-sponsored organization shall file with the Commissioner a report, certified by at least two principal officers, showing its financial condition on the last day of the preceding calendar year.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Form. The report shall be on the form adopted by the Commissioner.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Filing Deadline. Unless the time is extended for good cause, a provider-sponsored organization shall file its annual report with the Commissioner on or before the first day of March of each year.</text>
  </paragraph>
  <paragraph num="D.">
    <text>Supplemental Information. The report shall be supplemented with a description of any changes in the information submitted with the last previous annual report or with the provider-sponsored organization's original application for a certificate of authority.</text>
  </paragraph>
  <paragraph num="E.">
    <text>Audited Financial Statement. A provider-sponsored organization shall file a certified audited financial statement on or before June 1 of each year.</text>
  </paragraph>
  <paragraph num="F.">
    <text>Additional Reports. The Commissioner may require additional reports as are deemed necessary and appropriate to enable the Commissioner to carry out the duties of the Commissioner under the law.</text>
  </paragraph>
</regulation>