Maine § 2301-A. - Continuity of licensure; business combinations

§ 2301-A.. Continuity of licensure; business combinations

When a health maintenance organization authorized pursuant to Title 24‑A, chapter 56 merges or consolidates with 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:   [PL 1993, c. 702, Pt. A, §2 (NEW).]

1.  Plan approved.  The Superintendent has approved the plan of merger or consolidation pursuant to Title 24‑A, section 4203;

2.  Entity financially qualified.  The entity is financially qualified pursuant to the provisions of Title 24‑A, sections 410 and 4204‑A; and

3.  Entity otherwise qualified.  The entity is otherwise qualified pursuant to this Title and Title 24‑A, chapter 56.