Indiana § 27-13-12-4 Net worth schedule

Indiana Statutes

§ 27-13-12-4 — Net worth schedule

Indiana·Title 27 INSURANCE·Art. 13 HEALTH MAINTENANCE ORGANIZATIONS·Ch. 12 Protection Against Insolvency; Net Worth

A health maintenance organization licensed before July 1, 1994, must maintain a net worth equal to the following:

(1)Twenty-five percent (25%) of the amount required under section 3 of this chapter by December 31, 1994.

(2)Fifty percent (50%) of the amount required under section 3 of this chapter by December 31, 1995.

(3)Seventy-five percent (75%) of the amount required under section 3 of this chapter by December 31, 1996.

(4)One hundred percent (100%) of the amount required under section 3 of this chapter by December 31, 1997.

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A health maintenance organization licensed
before July 1, 1994, must maintain a net worth equal to the following:
(1) Twenty-five percent (25%) of the amount required under
section 3 of this chapter by December 31, 1994.
(2) Fifty percent (50%) of the amount required under section 3 of
this chapter by December 31, 1995.
(3) Seventy-five percent (75%) of the amount required under
section 3 of this chapter by December 31, 1996.
(4) One hundred percent (100%) of the amount required under
section 3 of this chapter by December 31, 1997.

Indiana § 27-13-12-4 (Net worth schedule) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.