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24-A §4205-A. Continuity of licensure; business combinations

24-A ME Rev Stat § 4205-A (2019) (N/A)
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§4205-A. Continuity of licensure; business combinations

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).]

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).

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