Ala. Admin. Code r. 482-1-083-.10

Current through Register Vol. 43, No. 02, November 27, 2024

Section 482-1-083-.10 - Membership

Pursuant to Section 27-21A-12(i), Code of Ala. 1975 ("the Act"), the HMOs which are authorized by the Commissioner to transact business in the State of Alabama shall be members of the Alabama Health Maintenance Guaranty Association ("the Association"). Each HMO obtaining a certificate of authority from the Commissioner to transact the kinds of business covered by the Act shall automatically become, effective on the date of its admission, a member HMO of the Association. A member HMO which ceases to be authorized after said date shall automatically cease to be a member effective on the day following the termination or expiration of its certificate to transact the kinds of business covered by said Act; provided, however, such HMO shall remain liable for any assessment or assessments based on an insolvency or impairment occurring prior to the cessation of its status as a member HMO in the Association.

Author: Commissioner of Insurance

New Rule: Filed October 3, 1988; effective October 20, 1988. Filed for codification in the Alabama Administrative Code by the Department of Insurance on April 23, 2004, pursuant to the Code of Ala. 1975, § 27-7-43.

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-21A-19, 27-21A-12(i).