514B.3B - CERTIFICATE OF AUTHORITY -- RENEWAL.
514B.3B CERTIFICATE OF AUTHORITY -- RENEWAL. A certificate of authority of a health maintenance organization formed under this chapter expires on June 1 succeeding its issue and shall be renewed annually so long as the organization transacts its business in accordance with all legal requirements. A health maintenance organization shall submit annually, on or before March 1, a completed application for renewal of its certificate of authority. A health maintenance organization that fails to timely file an application for renewal shall pay an administrative penalty of five hundred dollars to the treasurer of state for deposit as provided in section 505.7. A duly certified copy or duplicate of the certificate is admissible in evidence for or against the organization with the same effect as the original.
Section History: Recent Form 2006 Acts, ch 1117, §58; 2009 Acts, ch 181, §73 Referred to in § 514B.33
Footnotes For future repeal of 2009 amendment to this section, effective July 1, 2011, see 2009 Acts, ch 179, §146