1. (a) The Commissioner is responsible for:

   1. (1) Determining whether each health maintenance organization is or will be able to provide a fiscally sound operation and adequate provision against risk of insolvency and may adopt reasonable rules and regulations designed to achieve this goal; and
   2. (2) Actuarial and financial evaluations and determinations of each health maintenance organization.

2. (b)

   1. (1) If the Commissioner determines that a health maintenance organization is not operating in a fiscally sound manner, the Commissioner shall notify the Department of the determination.
   2. (2) After notifying the Department in accordance with the provisions of paragraph (1) of this subsection, the Commissioner shall monitor the health maintenance organization on a continuous basis until the Commissioner determines that the health maintenance organization is operating in a fiscally sound manner.

Added by Acts 1982, c. 21, § 2, eff. July 1, 1982. Amended by Acts 1986, c. 816, § 1, eff. July 1, 1986; Acts 1987, c. 420, § 1, eff. July 1, 1987; Acts 1998, c. 111, § 2, eff. Jan. 1, 1999; Acts 1998, c. 112, § 2, eff. Jan. 1, 1999; Acts 1999, c. 71, § 1, eff. June 1, 1999; Acts 1999, c. 697, § 1, eff. Oct. 1, 1999.

Formerly Art. 43, § 849.