Section 58-41-123 - Notice by risk bearing entity of change in conditions--Assignment of contract

58-41-123. Notice by risk bearing entity of change in conditions--Assignment of contract.A health maintenance organization shall require in any contract with a risk bearing entity that the risk bearing entity provide notice to the health maintenance organization within thirty days of:(1)Any changes involving the ownership structure of the risk bearing entity; or(2)Financial or operational concerns regarding the financial viability of the risk bearing entity.A health maintenance organization shall also require in any contract with a risk bearing entity a provision that allows the director, in the event that a risk bearing entity fails to comply with any provision of §§58-41-120 to 58-41-126, inclusive, to assign for six months, the risk bearing entity's contract with providers to furnish covered services. Source: SL 2013, ch 256, §38.