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Cms Novation Agreement

(e) the effects of a change of ownership without a novation agreement. Except to the extent provided in paragraph (c) (2) of this section, a change of ownership without a novation agreement has the consequence – a) of the conditions of approval of the CMS of a novation contract. CMS approves a novation contract if the following conditions are met: (2) Prior notification of the agreement. At least thirty days prior to the proposed date of change of ownership, the MA Organization shall provide CMS with three signed copies of the Novation Agreement, with the provisions referred to in paragraph (b) of this Section, as well as a copy of other relevant documents required by CMS. (d) the defined novation agreement. A novation agreement is an agreement between the current owner of the PDP sponsor, the potential new owner and CMS, the impact – (f) of a change of ownership with a novation agreement…