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Home » US Law » 2022 Vermont Statutes » Title 8 - Banking and Insurance » Chapter 112 - Life and Health Insurance Guaranty Association » Subchapter 2: HEALTH MAINTENANCE ORGANIZATION GUARANTY ASSOCIATION

§ 4181. Purpose; creation of Association; coverage

§ 4181. Purpose; creation of Association; coverage (a) The purpose of this subchapter is to protect members of health care plans who reside in this State, and their beneficiaries, payees, and assignees against failure in the performance of contractual obligations due to the impairment or insolvency of the health maintenance organization operating such health care […]

§ 4182. Construction

§ 4182. Construction This subchapter shall be liberally construed to effect its purposes under section 4181 of this title, which shall constitute an aid and guide to interpretation. (Added 1993, No. 30, § 15, eff. May 21, 1993.)

§ 4183. Definitions

§ 4183. Definitions As defined in this subchapter: (1) “Association” means the Vermont Health Maintenance Organization Guaranty Association created under this subchapter. (2) “Commissioner” means the Commissioner of Financial Regulation of this State. (3) “Contractual obligation” means any obligation under covered health care plan certificates. (4) “Covered person” means any member or person who is […]

§ 4184. Creation of the Health Maintenance Organization Guaranty Association

§ 4184. Creation of the Health Maintenance Organization Guaranty Association Upon a finding by the Commissioner that the interests of members would be best served by the establishment of a Health Maintenance Organization Guaranty Association, the Commissioner shall order all organizations holding a certificate of authority under chapter 139 of this title to establish a […]