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304.32-130 Schedule of dues.
The commissioner shall not issue or renew a certificate of authority to any
corporation operating or proposing to operate a nonprofit hospital, medical-surgical,
dental, or other health service plan unless:
(1) The subscription or membership certificates which the corporation offers to its
subscribers or members, together with a schedule of the dues and fees to be
paid by subscribers or members, or the formula for developing dues or fees,
has been filed with the commissioner in accordance with the provisions of KRS
304.32-160.
(2) The schedule of the dues and fees to be paid by subscribers or members is
one which will enable the corporation to meet the expenses of the hospital,
medical-surgical, and other health services which are made available to its
subscribers or members without impairing the guarantee fund required by KRS
304.32-140, and one which will not result in an accumulation of excess
reserves over and above reserves established for claims in process,
unreported and unbilled claims, retroactive cost adjustment to the purveyors of
hospital, medical-surgical, and other health services and membership dues or
fees received in advance but not yet earned.
Effective: July 15, 2014
History: Amended 2014 Ky. Acts ch. 119, sec. 10, effective July 15, 2014. -Amended 2010 Ky. Acts ch. 24, sec. 1418, effective July 15, 2010. -- Created
1970 Ky. Acts ch. 301, subtit. 32, sec. 13, effective June 18, 1970.
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