A risk contract must provide that the HMO or CMP agrees to give notice as follows if the contract is terminated:

1. (a) At least 60 days before the effective date of termination, to give its Medicare enrollees a written notice that—

   1. (1) Specifies the termination date; and
   2. (2) Describes the alternatives available for obtaining Medicare services after termination.
2. (b) To pay the cost of the written notices.

[60 FR 45680, Sept. 1, 1995]