Current through 2024 First Special Session
Section 33-15E-5 - Minimum capital requirements(a) Before the commissioner issues a license to any person required to obtain a license under section four of this article, the person seeking to operate a discount medical plan organization shall demonstrate that it has a positive net worth of at least one hundred fifty thousand dollars.(b) Each discount medical plan organization shall at all times maintain a positive net worth of at least one hundred fifty thousand dollars.