Me. Stat. tit. 24-A § 4205-A

Current through 131st (2023-2024) Legislature Chapter 684

Section 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: [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;

[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

[1993, c. 702, Pt. A, §13(NEW).]

3.Entity otherwise qualified. The entity is otherwise qualified pursuant to this chapter.

[1993, c. 702, Pt. A, §13(NEW).]

24-A M.R.S. § 4205-A

1993, c. 702, §A13 (NEW) .