(a) Any rehabilitation, liquidation, or conservation of a health maintenance organization shall be deemed to be the rehabilitation, liquidation, or conservation of an insurance company and shall be conducted under the supervision of the Insurance Commissioner pursuant to the law governing the rehabilitation, liquidation, or conservation of insurance companies.
(b) The commissioner may apply for an order directing him or her to rehabilitate, liquidate, or conserve a health maintenance organization upon any one (1) or more grounds set out in § 23-68-107 or when in his or her opinion the continued operation of the health maintenance organization would be hazardous either to the enrollees or to the people of this state.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 76 - Health Maintenance Organizations
§ 23-76-104. Arkansas Insurance Code sections applicable to health maintenance organizations
§ 23-76-105. Penalties — Enforcement
§ 23-76-106. License to practice, sell, or dispense required
§ 23-76-108. Issuance of certificate of authority
§ 23-76-109. Powers — Definition
§ 23-76-111. Fiduciary responsibilities of director, officer, or partner
§ 23-76-112. Evidence of coverage and charges for healthcare services
§ 23-76-113. Annual report and quarterly report
§ 23-76-114. Information to enrollees
§ 23-76-118. Protection against insolvency
§ 23-76-119. Prohibited practices — Definition
§ 23-76-120. Regulation of agents — Definition
§ 23-76-121. Powers of insurers and hospital and medical service corporations
§ 23-76-123. Suspension or revocation of certificate of authority
§ 23-76-124. Rehabilitation, liquidation, or conservation of health maintenance organization
§ 23-76-126. Administrative proceedings
§ 23-76-128. Applications, filings, and reports public
§ 23-76-129. Medical information confidential — Exceptions
§ 23-76-130. Insurance Commissioner's authority to contract