Maine Revised Statutes Title 24 Sec. 2301-A – Continuity of licensure; business combinations
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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).]
Terms Used In Maine Revised Statutes Title 24 Sec. 2301-A
- organization: means a corporation or other entity authorized by the superintendent or organized pursuant to this chapter for the purpose of providing nonprofit hospital service plans within the meaning of subsection 1, nonprofit medical service plans within the meaning of subsection 2 and any organization that provides only nonprofit health care plans within the meaning of subsection 3. See Maine Revised Statutes Title 24 Sec. 2301
- superintendent: means the Superintendent of Insurance of this State; and
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).