Delaware § 5828 Supplemental provisions; rules; exemption

Delaware Statutes

§ 5828 — Supplemental provisions; rules; exemption

Delaware·Title 18·Part Insurance·Ch. 58 RISK-BASED CAPITAL (RBC)·Subch. Risk-Based Capital (RBC) for Health Organizations

(a)The provisions of this subchapter II are supplemental to any other provisions of the laws of this State, and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to, Chapter 59 of this title and 18 DE Admin. Code 304.

(b)The Commissioner may adopt reasonable rules necessary for the implementation of this subchapter II.

(c)The Commissioner may exempt from the application of this subchapter II a domestic health organization that:

(1)Writes direct business only in this State;

(2)Assumes no reinsurance in excess of 5% of direct premium written; and

(3)Writes direct annual premiums for comprehensive medical business of $2,000,000 or less; or

(4)Is a limited health service organization that covers less than 2,000 l

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(a) The provisions of this subchapter II are supplemental to any other provisions of the laws of this State, and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to, Chapter 59 of this title and 18 DE Admin. Code 304.

(b) The Commissioner may adopt reasonable rules necessary for the implementation of this subchapter II.

(c) The Commissioner may exempt from the application of this subchapter II a domestic health organization that:

(1) Writes direct business only in this State;

(2) Assumes no reinsurance in excess of 5% of direct premium written; and

(3) Writes direct annual premiums for comprehensive medical business of $2,000,000 or less; or

(4) Is a limited health service organization that covers less than 2,000 lives.

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