§ 62A.4528 — Rehabilitation, Conservation, or Liquidation
Plain-Language Summary
If a prepaid limited health service organization becomes financially troubled, the commissioner can take steps to rehabilitate, conserve, or liquidate the organization to protect enrollees.
62A.4528 REHABILITATION, CONSERVATION, OR LIQUIDATION.
(a) Any rehabilitation, conservation, or liquidation of a prepaid limited health service organization must be deemed to be the rehabilitation, conservation, or liquidation of an insurance company and must be conducted under chapter 60B.
(b) A prepaid limited health service organization is not subject to the laws and rules governing insurance insolvency guaranty funds, nor shall any insurance insolvency guaranty fund provide protection to individuals entitled to receive limited health services from a prepaid limited health service organization.
History:
History: History:
2005 c 17 art 2 s 19