Section 500.3545 - Acquisition of obligations from another managed care entity.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.3545 Acquisition of obligations from another managed care entity.
Sec. 3545.
With the commissioner's prior approval, a health maintenance organization may acquire obligations from another managed care entity. The commissioner shall not grant prior approval unless the commissioner determines that the transaction will not jeopardize the health maintenance organization's financial security.
History: Add. 2000, Act 252, Imd. Eff. June 29, 2000
Popular Name: Act 218
Popular Name: HMO