Ky. Rev. Stat. § 304.38-073
Current through Acts Received April 24, 2024
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.
KRS 304.38-073
Amended 2010, Ky. Acts ch. 24, sec. 1504, effective7/15/2010. --Amended 2002, Ky. Acts ch. 105, sec. 25, effective 7/15/2002. -- Amended 2000, Ky. Acts ch. 427, sec. 14, effective 7/14/2000. -- Created 1996, Ky. Acts ch. 286, sec. 2, effective 7/15/1996.