Each health maintenance organization shall furnish to the commissioner a deposit of cash or securities approved by the commissioner in an amount not less than five hundred thousand dollars ($500,000) so that the obligations to the enrollees shall be performed. A health maintenance organization may be required to furnish an additional deposit if the commissioner determines, after a hearing, that an additional deposit is necessary for the protection of the health maintenance organization’s enrollees.
Effective: July 15, 2010
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Terms Used In Kentucky Statutes 304.38-073

  • Commissioner: means the commissioner of the Department of Insurance. See Kentucky Statutes 304.38-030
  • Health maintenance organization: means any person who undertakes to provide, directly or through arrangements with others, health care services to individuals enrolled with such an organization on a per capita or a predetermined, fixed prepayment basis. See Kentucky Statutes 304.38-030

History: Amended 2010 Ky. Acts ch. 24, sec. 1504, effective July 15, 2010. — Amended 2002 Ky. Acts ch. 105, sec. 25, effective July 15, 2002. — Amended 2000
Ky. Acts ch. 427, sec. 14, effective July 14, 2000. — Created 1996 Ky. Acts ch. 286, sec. 2, effective July 15, 1996.

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