California Health and Safety Code

§ 1399.65

HSC § 1399.65 Effective Jan 1, 2019Div. 2 · Ch. 2.2 · Art. 10.2

Statute text

(a)(1) A health care service plan that intends to merge or consolidate with, or enter into an agreement resulting in its purchase, acquisition, or control by, any entity, including another health care service plan or a health insurer licensed under the Insurance Code, shall give notice to, and secure prior approval from, the director.

(2)The transactions or agreements described in paragraph (1) may not be completed until the director approves the transaction or agreement.

(3)A health care service plan described in paragraph (1) shall meet all of the requirements of this chapter. The health care service plan shall file all the information necessary for the director to make the determination to approve, conditionally approve, or disapprove the transaction or agreement described in paragraph (1), including, but not limited to, a complete description of the proposed transaction or agreement, any modified exhibits for plan licensure pursuant to Section 1351, any approvals by federal or other state agencies required for the transaction or agreement, and any supporting documentation required by the director.

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Legislative history

Added by Stats. 2018, Ch. 292, Sec. 1. (AB 595) Effective January 1, 2019.