Maine § 24-A §4205-A Continuity of licensure; business combinations

Maine Statutes

§ 24-A §4205-A — Continuity of licensure; business combinations

Maine § 24-A §4205-A

Title 24-AMAINE INSURANCE CODE

Ch. 56HEALTH MAINTENANCE ORGANIZATIONS

This text of Maine § 24-A §4205-A (Continuity of licensure; business combinations) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 24-A, § 24-A §4205-A (2026).

Text

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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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.