Code of Virginia
Chapter 42 - Health Services Plans
§ 38.2-4213. Liability of participating providers upon merger of nonstock corporation

If two or more nonstock corporations merge, §§ 38.2-4210 and 38.2-4211 shall not apply to the new or surviving nonstock corporation, its plans or its providers unless the nonstock corporations to be merged notify the Commission in writing at least thirty days prior to the date of the merger that the new or surviving nonstock corporation will remain subject to §§ 38.2-4210 and 38.2-4211. If notice is not given, the Commission may (i) require the new or surviving nonstock corporation to maintain its contingency reserves above minimum level, (ii) subject it, notwithstanding the provisions of § 38.2-1700, to the requirements of Chapter 17 of this title or (iii) both. The minimum level of contingency reserves shall not exceed thirty days of anticipated operating expenses and claims receipts computed as the Commission requires. If the nonstock corporation elects not to file the notice permitted by this section, the nonstock corporation and not its providers shall be liable for the obligations of the plan.
Code 1950, § 32-195.5:1; 1972, c. 429, § 38.1-816; 1974, c. 54; 1979, c. 721; 1980, c. 682; 1982, c. 129; 1985, c. 233; 1986, c. 562.

Structure Code of Virginia

Code of Virginia

Title 38.2 - Insurance

Chapter 42 - Health Services Plans

§ 38.2-4200. Applicability of chapter

§ 38.2-4201. Definitions

§ 38.2-4202. Hospital services plans

§ 38.2-4203. Medical or surgical services plans

§ 38.2-4204. Merger of nonstock corporations

§ 38.2-4204.1. Commission approval of mergers of nonstock corporations operating prepaid hospital, medical and surgical services plans

§ 38.2-4205. Dental and optometric services

§ 38.2-4206. Nonstock corporation required

§ 38.2-4207. Existing foreign nonstock corporation

§ 38.2-4208. Nonstock corporation not required to act as agent

§ 38.2-4209. Preferred provider subscription contracts

§ 38.2-4209.1. Pharmacies; freedom of choice

§ 38.2-4209.2. Repealed

§ 38.2-4210. Liability of participants

§ 38.2-4211. Change of participants

§ 38.2-4212. Board of directors of nonstock corporation operating plan

§ 38.2-4213. Liability of participating providers upon merger of nonstock corporation

§ 38.2-4214. (Contingent expiration date - see notes) Application of certain provisions of law

§ 38.2-4214. (Contingent effective date - see notes) Application of certain provisions of law

§ 38.2-4214.1. Rehabilitation, liquidation, conservation

§ 38.2-4215. Payments by nonstock corporation

§ 38.2-4216. Repealed

§ 38.2-4216.1. Repealed

§ 38.2-4217. Reports

§ 38.2-4218. Subscriber to have free choice of medical practitioners available

§ 38.2-4219. Subscriber to be advised in writing as to benefits and limitations thereon

§ 38.2-4220. Interplan arrangements

§ 38.2-4221. Services of certain practitioners other than physicians to be covered

§ 38.2-4222. Licensing of nonstock corporations

§ 38.2-4223. Renewal of license

§ 38.2-4224. Licensing of agents

§ 38.2-4225. Repealed

§ 38.2-4226. Taxation

§ 38.2-4227. Misleading applications or contracts

§ 38.2-4228. Controversies involving subscription contracts

§ 38.2-4229. Reinsurance

§ 38.2-4229.1. Conversion to domestic mutual insurer

§ 38.2-4229.2. Hearings and investigations on effect of other state's law

§ 38.2-4230. Definitions

§ 38.2-4231. Registration of nonstock corporations that are members of holding company system

§ 38.2-4232. Standards for transactions with affiliates; adequacy of surplus; dividends and other distributions

§ 38.2-4233. Commission approval required for certain transactions

§ 38.2-4234. Examinations

§ 38.2-4235. Confidential treatment of information and documents