The governing body shall provide the commissioner with written notice of any proposed change in the ownership or control of the entity certified to operate as a PPO. If such change requires the prior approval of any other agency, board or officer of this State, or any other State or jurisdiction, the governing body shall provide the commissioner with documentation of such other entity's determination to approve or disapprove such proposed change. No change shall be implemented prior to approval thereof by the commissioner pursuant to the applicable provisions of this Subpart for initial certification and the commissioner shall not issue such approval if the change in ownership results in the insurer or employer having a financial interest in the PPO.
N.Y. Comp. Codes R. & Regs. Tit. 10 §§ 732-1.3