16 Del. Admin. Code § 70000-3

Current through Register Vol. 28, No. 7, January 1, 2025

Section 70000-3 - Experience and Net Worth

3.1 Either the MMCO, or a parent company or person affiliated with the MMCO, shall demonstrate, to the satisfaction of DHSS, the following:

3.1.1 Five years' experience writing or administering health insurance benefits or administering health plans, or both.

3.1.2 Audited financial statements for the most recent calendar or fiscal year demonstrating, on a consolidated basis, generally accepted accounting principles and generally accepted auditing standards, net equity in excess of $10 million.

16 Del. Admin. Code § 70000-3

21 DE Reg. 568( 1/1/2018) (Final)