40-19c11. Transaction of business by foreign corporation.
40-19c11
40-19c11. Transaction of business by foreign corporation.A nonprofit mutual medical and hospital service corporation or similar entitiesorganized under the lawsof any other state or territory may be authorized to transact businessin this state subject to the approval of the commissioner of insurance andthe applicable provisions of this act,only in such areas that form part of a natural medical area of the areain which such corporation operates or where the interests of thesubscribers are better served. Where a nonprofit medical and hospital servicecorporation organized under the laws of any other state or territory hasmerged with a corporation organized under the nonprofit medical and hospitalservice corporation act and such foreign corporation is the surviving corporation,such foreign corporation may be authorized to transact business in thisstate without territorial limitations.
History: L. 1980, ch. 137, § 29; July 1.