Protection Against Insolvency. The Contractor shall maintain a positive net worth, and such capital, additional surplus, line of credit and securities that equal to or exceed the minimum requirements established by the Mississippi Department of Insurance pursuant to Miss. Code Xxx. Section 00-00-000 et. seq. (1972, as amended) as a condition for certification as a Health Maintenance Organization. The Contractor shall maintain appropriate Contractors and provisions for the fulfillment of its covenants and obligations pursuant to this contract in the event the Contractor or any material subcontractor or supplier should become insolvent. The Contractor shall submit to the Division for review and approval, a description and evidence of any arrangements made for protection against the risk of insolvency. The Contractor shall provide written notice to the Division at least sixty (60) days prior to the effective date of any change or modification in any such arrangements. Medicaid enrollees will not be held liable, for the following: • CCO’s debts, in the event of insolvency; • Covered services provided to the enrollee, for which the State does not pay the CCO; • Covered services provided to the enrollee, for which the State, or the CCO does not pay the individual or health care provider that furnishes the services under a contractual, referral, or other arrangement; and/or • Liability for payments for covered services furnished under a contract, referral, or other arrangement, to the extent that those payments are in excess of the amount that the enrollee would owe if the CCO provided the services directly.
Protection Against Insolvency. The Contractor shall establish an insolvency protection account as required by the SCDOI and federal law. The Contractor shall provide continuing proof of solvency, in accordance with S.C. Code Xxx. § 00-00-000 (Supp. 2000, as amended) and 25A S.C. Code Xxx. Regs. 69-22 (Supp. 2000, as amended). The Contractor shall submit proof of Insolvency Protection Account approved by SCDOI prior to execution of this Contract and initial Medicaid member enrollment.
Protection Against Insolvency. In the event that the CCN becomes insolvent as determined by the Louisiana Department of Insurance pursuant to Title 22 of the Louisiana Revised Statutes, pursuant to the provisions of 42 CFR 438.106 Medicaid members shall not be held liable for any cost incurred by the CCN pursuant to the provisions of 42 CFR §438.106. The CCN shall, at all times, maintain capitalization and surplus requirements in the same amount and method as those requirement(s) set forth in Title 22 of the Louisiana Revised Statutes.. The CCN shall submit proof of Insolvency Protection Account approved by Louisiana Department of Insurance as required in the CCN Enrollment Process. The CCN shall provide continuing proof of solvency, as required by the Louisiana Department of Insurance, to DHH each provider agreement year.
Protection Against Insolvency. The Contractor shall maintain a positive net worth, and such capital, additional surplus, line of credit and securities that equal to or exceed the minimum requirements established by the Mississippi Department of Insurance pursuant to Miss. Code Xxx. § 00-00-000 et. seq. (1972, as amended) as a condition for certification as a Health Maintenance Organization. The Contractor shall maintain appropriate Contractors and provisions for the fulfillment of its covenants and obligations pursuant to this contract in the event the Contractor or any material subcontractor or supplier should become insolvent. The Contractor shall submit to the Division for review and approval, a description and evidence of any arrangements made for protection against the risk of insolvency. The Contractor shall provide written notice to the Division at least sixty (60) days prior to the effective date of any change or modification in any such arrangements.
Protection Against Insolvency. In accordance with the provisions of current legislation, the Organizer has contracted specific insurance coverage so that, in the event of insolvency, bankruptcy or insolvency, Travelers are guaranteed reimbursement of the price paid for the package trip, as well as the expenses incurred for their repatriation. Policy details: Policy No. 85449680 Insurer: AXA Seguros Generales, S.A. de Seguros y Reaseguros. Registered in the Commercial Registry of the Balearic Islands. Sheet no. PM-61041. CIF X00000000. Registered office: X/Xxxxxxxx Xxxxxx, 1 - 07014 Palma de Mallorca Coverage: AXA Seguros Generales S.A., up to the limit of the contracted insured amount, guarantees the obligations assumed by the Organizer to constitute a guarantee prior to the exercise of its activity to respond in general terms to the fulfillment of the obligations derived from the provision of its services to the contracting parties of a package trip and, especially, in the event of insolvency, the effective reimbursement of all payments made by the travelers or by a third party on their behalf, to the extent that the corresponding services have not been provided and, in the event that transport is included, the effective repatriation of the travelers, without prejudice to the possibility of offering the continuation of the trip. Tel . +00 000 00 00 00, website , xxxxx://xxx.xxx.xx).
