Kentucky Statutes 304.32-150 – Benefits
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The benefits or services which a corporation subject to the provisions of this subtitle may contract to make available to its members or subscribers shall include all of the services made available by hospitals, or other licensed health care institutions, doctors of medicine, osteopathy, dentistry, podiatry, licensed optometrists, licensed psychologists, nursing services, appliances, drugs, medicine, ambulance service, and other health services or related items as the governing board of any corporation may approve; but no corporation subject to the provisions of this subtitle may offer to its members or subscribers any certificate or form which would provide for a cash payment or allowance for sickness, accident, disability, or death, other than payments of or toward the charges made by the purveyors of the health services covered by the certificates issued by the corporation; or for any form of casualty or life insurance unless the corporation shall first comply with the statutes of this state applicable to companies offering such forms of insurance. Nothing in this section shall prohibit a corporation from reimbursing its members or subscribers for payments made by them directly to the purveyors of health services covered by certificates for services which members or subscribers have received.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 32, sec. 15, effective June 18, 1970.
Effective: June 18, 1970
Terms Used In Kentucky Statutes 304.32-150
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
History: Created 1970 Ky. Acts ch. 301, subtit. 32, sec. 15, effective June 18, 1970.