Health Net 2009 Annual Report Download - page 523

(c) The Company has determined to wind down its business operations. From and after the Effective Date, with respect to
each Administered Contract, Administrator shall cease renewing such contracts on behalf of the Company as soon as allowable by
applicable Law, except for Renewal Contracts.
(d) For the avoidance of doubt, nothing in this Administrative Services Agreement will require the Administrator to
provide Administrative Services other than with respect to the Administered Contracts or the Business.
(e) [The governing authority of Company shall retain ongoing responsibility for statutory and regulatory compliance.
Company’s responsibilities are in no way lessened by entering into this Administrative Services Agreement. Any powers not
specifically delegated to Administrator through the provisions of this Administrative Services Agreement remain with the governing
authority of Company.]
Section 2.2. Administrative Services.
(a) The Administrator shall serve as the Company’s finance, accounting, marketing, claims and administrative agent for the
Administered Contracts, and as the provider of the Administrative Services.
(b) In order for the Administrator to fulfill its obligations pursuant to this Administrative Services Agreement, the
Company hereby appoints the Administrator as its attorney-in-fact, and grants the Administrator the authority to act on behalf of the
Company with respect to matters arising in the ordinary course of business, to carry out the Company’s obligations under its
contracts, including the Administered Contracts and contracts with vendors, and as necessary to perform the Administrator’s duties
under this Administrative Services Agreement.
Section 2.3. Retained Authority.
(a) Nothing herein is intended or shall be construed to relieve the Company of ultimate responsibility for compliance with
all applicable Law or the terms of the Administered Contracts. [The governing authority of Company shall be responsible for the
establishment and oversight of Company’s policies, management and overall operation, regardless of the existence of this
Administrative Services Agreement or any other management contract.]
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This provision is found only in the Administrative Services Agreement of Health Net of New York, Inc.
This provision is found only in the Administrative Services Agreement of Health Net of New York, Inc.
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