(1) After the health services organization has operated for 24 months, it may have an annual subscription period of at least one month during which it may accept new subscribers, to the limit of its capacity, as the health services organization may determine, in the order subscriptions are sought. A health services organization may request from the Commissioner authorization to impose such restrictions in the acceptance of subscription petitions as may be necessary to maintain its financial stability in order to prevent an excessive and adverse selection of the prospective subscribers, or to avoid unreasonably high and unmarketable fees of the health care services coverage. The Commissioner may approve or deny said petition within thirty (30) days after filing by the health services organization.
(2) The health services organization providing services exclusively for groups may limit the open subscription established in subsection (1) of this section to all the members of the group or groups covered by said contract.
History —Ins. Code, added as § 19.110 on June 2, 1976, No. 113, p. 313, § 1.