Accident, Sickness, Health, Health Maintenance

Organization, Property Damage and Liability Insurance.

(a)Accident insurance and sickness or health insurance includes insurance against injury, disablement resulting from sickness, and every insurance appertaining thereto. Property damage insurance includes all types of insurance against loss or damage to property and liability therefore. Liability insurance includes all insurance against loss or damage resulting from accident to, or injury, fatal or non-fatal, suffered by any person, and for which the insurer is liable.

(b)A Health Maintenance Organization

(HMO)is an insurer that is licensed to engage in the business of insurance on Guam that provides individual or group health care plans; or COL6/24/2021 CH. 18 THE CONTRACT OF INSURANCE health care services which an enrolled population might reasonably require to maintain good health, including, as a minimum, emergency care, inpatient hospital and medical services, and outpatient medical services on a prepaid basis and regulated under Guam law for solvency. An HMO operating in such manner shall be issued by the Commissioner a Health Maintenance Organization Certificate of Authority.