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24 §2301-A. Continuity of licensure; business combinations

24 ME Rev Stat § 2301-A (2019) (N/A)
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§2301-A. Continuity of licensure; business combinations

When a health maintenance organization authorized pursuant to Title 24-A, chapter 56 merges or consolidates with 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, §2 (NEW).]

1.  Plan approved.  The Superintendent has approved the plan of merger or consolidation pursuant to Title 24-A, section 4203;

[PL 1993, c. 702, Pt. A, §2 (NEW).]

2.  Entity financially qualified.  The entity is financially qualified pursuant to the provisions of Title 24-A, sections 410 and 4204-A; and

[PL 1993, c. 702, Pt. A, §2 (NEW).]

3.  Entity otherwise qualified.  The entity is otherwise qualified pursuant to this Title and Title 24-A, chapter 56.

[PL 1993, c. 702, Pt. A, §2 (NEW).]

SECTION HISTORY

PL 1993, c. 702, §A2 (NEW).

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