Maine Revised Statutes
Chapter 56: HEALTH MAINTENANCE ORGANIZATIONS
24-A §4205-A. Continuity of licensure; business combinations

§4205-A. Continuity of licensure; business combinations
When a health maintenance organization authorized pursuant to this chapter merges or consolidates with an insurer or 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, §13 (NEW).]
1.  Plan approved.  The superintendent has approved the plan of merger or consolidation, pursuant to section 4203, subsection 1;  
[PL 1993, c. 702, Pt. A, §13 (NEW).]
2.  Entity financially qualified.  The entity is financially qualified pursuant to the provisions of sections 410 and 4204‑A; and  
[PL 1993, c. 702, Pt. A, §13 (NEW).]
3.  Entity otherwise qualified.  The entity is otherwise qualified pursuant to this chapter.  
[PL 1993, c. 702, Pt. A, §13 (NEW).]
SECTION HISTORY
PL 1993, c. 702, §A13 (NEW).

Structure Maine Revised Statutes