Minnesota Statutes Insurance (Ch. 59A-79a) § 62D.221. Oversight of transactions

Subdivision 1. Insurance provisions applicable to health maintenance organizations. Health maintenance organizations are subject tosections 60A.135,60A.136,60A.137,60A.16,60A.161,60D.17,60D.18, and60D.20and must comply with the provisions of these sections applicable to insurers. In applying these sections to health maintenance organizations, “commissioner” means the commissioner of health. Health maintenance organizations are subject toMinnesota Rules, chapter 2720, as applicable tosections 60D.17,60D.18, and60D.20, and must comply with the provisions of chapter 2720 applicable to insurers, unless the commissioner of health adopts rules to implement this subdivision.

Subd. 2. Statement. In addition to the conditions insection 60D.17, subdivision 1, subjecting a health maintenance organization to filing requirements, no person other than the issuer shall acquire all or substantially all of the assets of a domestic nonprofit health maintenance organization through any means unless at the time the offer, request, or invitation is made or the agreement is entered into the person has filed with the commissioner and has sent to the health maintenance organization a statement containing the information required insection 60D.17and the offer, request, invitation, agreement, or acquisition has been approved by the commissioner of health in the manner prescribed insection 60D.17.