{"data":{"id":"us-nc/n.c.-gen.-stat.-58-67-120","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-67-120","heading":"Continuation of benefits.","body":"(a)\tThe Commissioner shall require that each HMO have a plan for handling insolvency, which plan allows for continuation of benefits for the duration of the contract period for which premiums have been paid and continuation of benefits to enrollees who are confined in an inpatient facility until their discharge or expiration of benefits. In considering such a plan, the Commissioner may require:\n(1)\tInsurance to cover the expenses to be paid for benefits after an insolvency;\n(2)\tProvisions in provider contracts that obligate the provider to provide services for the duration of the period after the HMO's insolvency for which premium payment has been made and until the enrollees' discharge from inpatient facilities;\n(3)\tInsolvency reserves such as the Commissioner may require;\n(4)\tLetters of credit acceptable to the Commissioner;\n(5)\tAny other arrangements to assure that benefits are continued as specified above. (1989, c. 776, s. 13.)","path":["Chapter 58. Insurance.","Article 67. Health Maintenance Organization Act."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-67-120.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"e5cf1d41a1021e057104aff96de2256bd20e0fb3bac7a5531bb15c30b7889599","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-67-115","next":"us-nc/n.c.-gen.-stat.-58-67-125"},"notice":"GroundRules: Original legal text. Not legal advice."}