California Business and Professions Code 511.3 – (a) When a contracting agent sells, leases, or transfers a …
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(a) When a contracting agent sells, leases, or transfers a health provider’s contract to a payor, the rights and obligations of the provider shall be governed by the underlying contract between the health care provider and the contracting agent.
(b) For purposes of this section, the following terms shall have the following meanings:
Terms Used In California Business and Professions Code 511.3
- Contract: A legal written agreement that becomes binding when signed.
- Subdivision: means a subdivision of the section in which that term occurs, unless some other section is expressly mentioned. See California Business and Professions Code 15
(1) “Contracting agent” has the meaning set forth in paragraph (2) of subdivision (d) of Section 511.1.
(2) “Payor” has the meaning set forth in paragraph (3) of subdivision (d) of Section 511.1.
(Amended by Stats. 2004, Ch. 183, Sec. 1. Effective January 1, 2005.)