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and distributions may be made to a for-profit owner | | consistent with this subparagraph but may not be | | considered to fulfill the health insurance affiliate's | | purposes as described in this paragraph. |
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| | | (3) If the nonprofit hospital and medical service | | organization holding an ownership interest in a health | | insurance affiliate materially changes its form and the | | Superior Court has approved or approved with | | modifications a charitable trust plan or modified | | charitable trust plan, the purposes as described in | | this paragraph of the health insurance affiliate | | terminate unless the Superior Court determines | | otherwise. |
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| | C. Any charitable entity public charity that owns or | | controls an ownership interest in a health insurance | | affiliate must be treated as having acquired that ownership | | interest in furtherance of the charitable purposes of the | charitable entity public charity. |
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| | | D. The Attorney General may enforce the purposes as | | described in paragraph B of a health insurance affiliate | | under this subsection under the Attorney General's | | charitable authority to the same extent as if the health | insurance affiliate were a nonprofit and charitable | organization public charity. |
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| | | Sec. 9. 24 MRSA §2301, first ¶, as amended by PL 1993, c. 702, Pt. A, | | §1, is further amended to read: |
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| | | Any corporation organized under special Act of the Legislature | or, under Title 13, chapter 81 or as a public benefit corporation | | under Title 13-B for the following purposes may be authorized by | | the superintendent on the terms and conditions provided for in | | this chapter, except that when such a corporation was previously | | organized by special Act of the Legislature, this chapter does | | not apply when inconsistent with that Act as previously amended: |
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| | | Sec. 10. 24 MRSA §2301, sub-§3-C, as enacted by PL 1997, c. 344, §2, | | is amended to read: |
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| | | 3-C. Nonprofit purposes. A nonprofit hospital and medical | | service organization that is authorized to provide nonprofit | hospital service plans under subsection 1 and, nonprofit medical | | service plans pursuant to subsection 2 or nonprofit health care | | plans pursuant to subsection 3 is a charitable and benevolent | | institution, in accordance with Title 5, section 194-A, and a | | public charity and its assets are held for the purpose of |
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