Page:United States Statutes at Large Volume 124.djvu/215

 124 STAT. 189 PUBLIC LAW 111–148—MAR. 23, 2010 (A) IN GENERAL.—The advisory board under this para- graph shall consist of 15 members appointed by the Comp- troller General of the United States from among individuals with qualifications described in section 1805(c)(2) of the Social Security Act. (B) RULES RELATING TO APPOINTMENTS.— (i) STANDARDS.—Any individual appointed under subparagraph (A) shall meet ethics and conflict of interest standards protecting against insurance industry involvement and interference. (ii) ORIGINAL APPOINTMENTS.—The original appointment of board members under subparagraph (A)(ii) shall be made no later than 3 months after the date of enactment of this Act. (C) VACANCY.—Any vacancy on the advisory board shall be filled in the same manner as the original appoint- ment. (D) PAY AND REIMBURSEMENT.— (i) NO COMPENSATION FOR MEMBERS OF ADVISORY BOARD.—Except as provided in clause (ii), a member of the advisory board may not receive pay, allowances, or benefits by reason of their service on the board. (ii) TRAVEL EXPENSES.—Each member shall receive travel expenses, including per diem in lieu of subsist- ence under subchapter I of chapter 57 of title 5, United States Code. (E) APPLICATION OF FACA.—The Federal Advisory Com- mittee Act (5 U.S.C. App.) shall apply to the advisory board, except that section 14 of such Act shall not apply. (F) TERMINATION.—The advisory board shall terminate on the earlier of the date that it completes its duties under this section or December 31, 2015. (c) QUALIFIED NONPROFIT HEALTH INSURANCE ISSUER.—For purposes of this section— (1) IN GENERAL.—The term ‘‘qualified nonprofit health insurance issuer’’ means a health insurance issuer that is an organization— (A) that is organized under State law as a nonprofit, member corporation; (B) substantially all of the activities of which consist of the issuance of qualified health plans in the individual and small group markets in each State in which it is licensed to issue such plans; and (C) that meets the other requirements of this sub- section. (2) CERTAIN ORGANIZATIONS PROHIBITED.—An organization shall not be treated as a qualified nonprofit health insurance issuer if— (A) the organization or a related entity (or any prede- cessor of either) was a health insurance issuer on July 16, 2009; or (B) the organization is sponsored by a State or local government, any political subdivision thereof, or any instrumentality of such government or political subdivision. (3) GOVERNANCE REQUIREMENTS.—An organization shall not be treated as a qualified nonprofit health insurance issuer unless— Definition. Deadline.