24 §2301-A. Continuity of licensure; business combinations
Title 24: INSURANCE
Chapter 19: NONPROFIT HOSPITAL OR MEDICAL SERVICE ORGANIZATIONS
Subchapter 1: GENERAL PROVISIONS
§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: [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;
[ 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
[ 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.
[ 1993, c. 702, Pt. A, §2 (NEW) .]
SECTION HISTORY
1993, c. 702, §A2 (NEW).