§ 304-38-042

304.38 -042 Requirements for provider -sponsored integrated health networks to convert to health maintenance organization. (1) As used in this section, 'provider -sponsored integrated health delivery network' has the same meaning as in KRS 304.17A -005. (2) A provider -sponsored integrated health delivery network may elect to convert to a health maintenance organization under KRS 304.38 -070(5) by filing an election to convert with the commissioner that contains a notification of the network's effective date of conversion. (3) Within thirty (30) days of the date of an election filing under subsection (2) of this section, the commissioner shall issue a certificate of authority as a health maintenance organization under KRS 304.38 -070(5) to the provider -sponso red integrated health delivery network unless the commissioner: (a) Finds that, at the time of the election, the provider -sponsored integrated health delivery network fails to meet the net worth requirements of KRS 304.38 - 070(5)(b); and (b) Provides the pr ovider -sponsored integrated health delivery network with a written notice of the determination that contains a notice of the network's rights under KRS 304.2 -310.

070(5)(b); and (b) Provides the pr ovider -sponsored integrated health delivery network with a written notice of the determination that contains a notice of the network's rights under KRS 304.2 -310. Effective: July 14, 2022 History: Created 2022 Ky. Acts ch. 133, sec. 11, effective July 14, 2022. Legislative Research Commission Note (7/14/2022). In codification, a correction has been made to subsection (1) of this statute. 2022 House Bill 350, which created this statute, included a definition of 'provided -sponsored integrated health delivery network'. However, it is clear from the context and from the reference to the definition of 'provider -sponsored integrated health delivery network' found in KRS 304.17 -005 that the defined term in subsection (1) of this statute was intended to read 'provi der-sponsored integrated health delivery network'. Under the authority of KRS 7.136, the Reviser of Statutes has corrected this manifest typographical error.