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fulfilling the charitable purposes of the organization, which | | purposes may include, but are not limited to, the following: | | providing access to medical care through affordable health | | insurance and affordable managed care products for persons of all | | incomes; identifying and addressing the State's unmet health care | | needs, particularly with respect to medically uninsured and | | underserved populations; making services and care available through | | participating providers; and improving the quality of care for | | medically uninsured and underserved populations. |
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| | | Sec. 11. 24 MRSA §2301, sub-§7, as amended by PL 1993, c. 702, Pt. A, | | §1, is further amended to read: |
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| | | 7. Administrative services. A corporation has the right to | | utilize its organization and facilities, either directly or | | through another legal entity owned by it and similar corporations | | located in other states, to perform services for the United | | States or State or the units or agencies of either; or any | charitable or nonprofit organization | | health care; |
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| | | Sec. 12. 24 MRSA §2301, sub-§9-B, as amended by PL 1997, c. 344, §3, | | is repealed. |
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| | | Sec. 13. 24 MRSA §2301, sub-§9-D, ¶B, as amended by PL 2001, c. 550, | | Pt. B, §2, is further amended by repealing subparagraph (9). |
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| | | Sec. 14. 24 MRSA §2301, sub-§9-D, ¶E, as enacted by PL 1997, c. 344, | | §4, is amended to read: |
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| | | E. The superintendent may not issue final approval of a | | conversion plan unless the superintendent finds that: |
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| | | (1) The terms and conditions of the conversion plan | | are fair and equitable and, in determining what is fair | | and equitable, consideration may be given to, but is | | not limited to, the factors set forth in paragraph L; |
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| | | (2) The conversion plan is subject to approval by the | | vote of not less than 2/3 of the organization's board | | of directors; |
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| | | (3) The conversion plan provides for the issuance of capital | | stock or assets of the converted stock insurer or a combination | | of stock and assets, without consideration, to the charitable | trust equal to the charitable interest set forth in the | organization's statement of ownership interests and charitable | purposes, exclusive of any shares issued pursuant to |
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