§ 22:264.1 — Prior approval required for merger of domestic health maintenance organization

Louisiana § 22:264.1

• Jurisdiction: Louisiana
• Title 22: Insurance

Text

§264.1. Prior approval required for merger of domestic health maintenance organization
No domestic health maintenance organization shall merge with another person
without the prior approval of the commissioner, who may grant such approval upon written
request of a domestic health maintenance organization. The request shall include the articles
or plan of merger, a pro-forma consolidated financial statement for the merging entities, and
such other information as the commissioner may require to determine that the merger is not
detrimental to the enrollees or to the financial solvency of the health maintenance
organization. If the merger may result in a change of control of a domestic health
maintenance organization, the requirements of this Section may be consolidated with those
of R.S. 22:691.4.

Legislative History

Acts 2016, No. 379, §1.