Sec. 1. (a) This section does not apply to a health maintenance organization or a limited service health maintenance organization that is a foreign
corporation.
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Terms Used In Indiana Code 27-13-32-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(c) A person may not acquire control, as that term is defined in IC 27-1-23-1, of a health maintenance organization or a limited service health maintenance organization unless:
(1) that person complies with the requirements of IC 27-1-23-2; and
(2) the acquisition is approved by the commissioner under the procedure set forth in IC 27-1-23-2.
As added by P.L.26-1994, SEC.25. Amended by P.L.185-1996, SEC.17; P.L.203-2001, SEC.30.
