§ 27-13-24-7 — Conclusion of affairs following revocation of certificate of authority

Indiana § 27-13-24-7

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 13: HEALTH MAINTENANCE ORGANIZATIONS
• Ch. 24: Suspension, Revocation, or Denial of Certificate of

Text

(a) A health maintenance organization whose
certificate of authority is revoked:
(1) shall proceed, immediately following the effective date of the
order of revocation, to wind up the affairs of the organization; and
(2) may not conduct further business, except as essential to the
orderly conclusion of the affairs of the organization.
(b) After the certificate of authority of a health maintenance
organization is revoked, the health maintenance organization may not
engage in further advertising or solicitation.
(c) Notwithstanding subsection (a), the commissioner may, by
written order, permit further operation of a health maintenance
organization after the certificate of authority of the organization is
revoked if the commissioner finds the further operation of the
organization to be in the best interest of enrollees.

Legislative History

As added by P.L.26-1994, SEC.25.