Section 304.38-042 - Requirements for provider-sponsored integrated health networks to convert to health maintenance organization(1) As used in this section, "provider-sponsored integrated health delivery network" has the same meaning as in KRS 304.17A-005.(2) A provider-sponsored integrated health delivery network may elect to convert to a health maintenance organization under KRS 304.38-070(5) by filing an election to convert with the commissioner that contains a notification of the network's effective date of conversion.(3) Within thirty (30) days of the date of an election filing under subsection (2) of this section, the commissioner shall issue a certificate of authority as a health maintenance organization under KRS 304.38-070(5) to the provider-sponsored integrated health delivery network unless the commissioner: (a) Finds that, at the time of the election, the provider-sponsored integrated health delivery network fails to meet the net worth requirements of KRS 304.38-070(5)(b); and(b) Provides the provider-sponsored integrated health delivery network with a written notice of the determination that contains a notice of the network's rights under KRS 304.2-310.Added by 2022 Ky. Acts ch. 133,§ 11, eff. 7/13/2022.