Insolvency means a condition in which the liabilities of the debtor exceed the fair valuation of its assets.


42 CFR § 422.350

Scoping language

Basis and scope. This subpart is based on sections 1851 and 1855 of the Act which, in part,
(1) Authorize provider sponsored organizations, (PSOs), to contract as a MA plan;
(2) Require that a PSO meet certain qualifying requirements; and
(3) Provide for waiver of State licensure for PSOs under specified conditions.

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