Maine Revised Statutes Title 24-A Sec. 4205-A – Continuity of licensure; business combinations
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When a health maintenance organization authorized pursuant to this chapter merges or consolidates with an insurer or a nonprofit hospital, medical or health care service organization and operations of the surviving entity include those of a health maintenance organization, the surviving entity succeeds on a continuing basis to the authority possessed by the merging entities if: [PL 1993, c. 702, Pt. A, §13 (NEW).]
1. Plan approved. The superintendent has approved the plan of merger or consolidation, pursuant to section 4203, subsection 1;
[PL 1993, c. 702, Pt. A, §13 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 4205-A
- Health maintenance organization: means a public or private organization that is organized under the laws of the Federal Government, this State, another state or the District of Columbia or a component of such an organization, and that:
A. See Maine Revised Statutes Title 24-A Sec. 4202-ASuperintendent: means the Superintendent of Insurance. See Maine Revised Statutes Title 24-A Sec. 4202-A
2. Entity financially qualified. The entity is financially qualified pursuant to the provisions of sections 410 and 4204?A; and
[PL 1993, c. 702, Pt. A, §13 (NEW).]
3. Entity otherwise qualified. The entity is otherwise qualified pursuant to this chapter.
[PL 1993, c. 702, Pt. A, §13 (NEW).]
SECTION HISTORY
PL 1993, c. 702, §A13 (NEW).