Indiana Statutes
§ 27-13-12-2 — Initial minimum net worth
Indiana·Title 27 INSURANCE·Art. 13 HEALTH MAINTENANCE ORGANIZATIONS·Ch. 12 Protection Against Insolvency; Net Worth
Before issuing a certificate of authority to a health maintenance organization, the commissioner shall require that the health maintenance organization:
(1)have an initial net worth of at least one million five hundred
thousand dollars ($1,500,000); and
(2)maintain, after issuance of the certificate, at least the
minimum net worth required under section 3 of this chapter.
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Legislative History
As added by P.L.26-1994, SEC.25.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"