Names reserved for use by a proposed HMO are subject to the
following time limits and extension requirements:
(1) A requested name is reserved for 365 days from
the date the name is accepted by the commissioner.
(2) Before the end of this 365-day period, a proposed
HMO that has not submitted an application for a certificate of authority
may request that the name reservation be extended for an additional
365 days by submitting the following:
(A) a letter of request for extension; and
(B) a statement explaining the current status of the
proposed HMO and the estimated date on which an application for a
certificate of authority will be filed.
(3) Extension requests may not be submitted more than
30 days before the end of the 365-day period for which the name is
reserved.
(4) If the information detailed in paragraph (2) of
this section is not received before the expiration of 365 days, then
the name reservation expires and the proposed HMO must wait 30 days
before filing a new name application form.
(5) If the extension request is received before the
expiration of 365 days and if the statement of status sufficiently
explains why the proposed HMO has not yet filed an application for
a certificate of authority, then the name reservation may be extended
for another 365 days.
(6) The requirements of paragraph (2) of this section
must be met every 365 days until an application for certificate of
authority is filed, or the extension expires and the proposed HMO
must wait 30 days before filing a new name application form.
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