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Maine Revised Statutes Title 24-A. Maine Insurance Code § 4205-A. Continuity of licensure; business combinations

Current as of January 01, 2022 | Updated by FindLaw Staff

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:

1. Plan approved. The superintendent has approved the plan of merger or consolidation, pursuant to section 4203, subsection 1;

2. Entity financially qualified. The entity is financially qualified pursuant to the provisions of sections 410 and 4204-A; and

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

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Cite this article: FindLaw.com - Maine Revised Statutes Title 24-A. Maine Insurance Code § 4205-A. Continuity of licensure; business combinations - last updated January 01, 2022 | https://codes.findlaw.com/me/title-24-a-maine-insurance-code/me-rev-st-tit-24-a-sect-4205-a/

Read this complete Maine Revised Statutes Title 24-A. Maine Insurance Code § 4205-A. Continuity of licensure; business combinations on Westlaw

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