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304.38A-080 Net worth -- Deposit -- Risk-based capital requirements.
(1) Each limited health service organization shall at all times have and maintain a net
worth of not less than one hundred twenty-five thousand dollars ($125,000).
(2) (a) Each limited health service organization shall deposit with the commissioner
or with any organization or trustee acceptable to the commissioner through <br>which a custodial or controlled account is utilized, cash, securities, or any <br>combination of these or other measures that is acceptable to the commissioner <br>in an amount equal to fifty thousand dollars ($50,000).
(b) The deposit shall be an admitted asset.
(3) A limited health service organization shall at all times comply with the risk-based
capital requirements for health organizations in administrative regulations <br>promulgated by the commissioner for health maintenance organizations and other <br>health organizations.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 1521, effective July 15, 2010. -- Created
2002 Ky. Acts ch. 105, sec. 17, effective July 15, 2002.
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