(1) The Oregon Health Authority may adopt rules to carry out the provisions of ORS § 415.012 to 415.430.

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(2) The authority shall adopt rules for regulating the financial solvency of coordinated care organizations that align with the following provisions of the Insurance Code regulating domestic insurers, to the extent the provisions regarding insurers are applicable to coordinated care organizations and are in accordance with ORS chapters 413 and 414:

(a) ORS § 731.385;

(b) ORS § 731.504;

(c) ORS § 731.508;

(d) ORS § 731.509;

(e) ORS § 731.574 (1) to (5);

(f) ORS § 731.730;

(g) ORS § 731.988;

(h) ORS § 732.235;

(i) ORS § 732.517 to 732.546, other than ORS § 732.527, 732.531 and 732.541;

(j) ORS § 732.548;

(k) ORS § 732.549;

(L) ORS § 732.551;

(m) ORS § 732.552;

(n) ORS § 732.553;

(o) ORS § 732.554;

(p) ORS § 732.556;

(q) ORS § 732.558;

(r) ORS § 732.564;

(s) ORS § 732.566;

(t) ORS § 732.567;

(u) ORS § 732.568;

(v) ORS § 732.569;

(w) ORS § 732.574;

(x) ORS § 732.576;

(y) ORS § 732.578;

(z) ORS § 732.592;

(aa) ORS § 733.010 to 733.050;

(bb) ORS § 733.140 to 733.170;

(cc) ORS § 733.510 to 733.680;

(dd) ORS § 733.695 to 733.780; and

(ee) ORS § 734.014.

(3) Rules adopted by the authority in accordance with ORS § 731.385 that establish minimum standards for risk-based capital may not require a coordinated care organization to take preventive or corrective measures to increase the coordinated care organization’s capital, surplus or reserves to achieve more than 200 percent of the minimum risk-based capital. [2019 c.478 § 53]