§435C-11 - Initiation of plan.
[§435C-11] Initiation of plan. Theplan becomes operational at the direction of the insurance commissioner, upon afinding that medical malpractice insurance is not or will not be readilyavailable in this State to the majority of the physicians and hospitals. Upona finding by the insurance commissioner that medical malpractice insurance hasbecome readily available in the voluntary market, the commissioner may directthe plan to cease writing medical malpractice insurance.
The plan, being a temporary measure, shall notremain in existence for more than three years after the plan becomesoperational. [L 1975, c 161, pt of §1; gen ch 1985]