56-51-144 - Supervision, rehabilitation, conservation, liquidation, or reorganization Exclusive methods of remedy.
56-51-144. Supervision, rehabilitation, conservation, liquidation, or reorganization Exclusive methods of remedy.
(a) A delinquency proceeding under chapter 9, part 2, 3, or 4 of this title, or supervision by the department pursuant to chapter 9, part 5 of this title constitutes the sole and exclusive means of supervising, liquidating, reorganizing, rehabilitating, or conserving a prepaid limited health service organization.
(b) No prepaid limited health service organization is subject to the laws and regulations governing insurance or health maintenance organization insolvency guaranty funds. No insurance insolvency guaranty fund may provide protection to any individuals entitled to receive limited health services from a prepaid limited health service organization for services related to a prepaid limited health service contract.
[Acts 2000, ch. 948, § 44.]