2014 North Carolina General Statutes
Chapter 131E - Health Care Facilities and Services.
Article 17 - Provider Sponsored Organization Licensing.
§ 131E-285 - Deposits.
131E-285. Deposits.
(a) At the time of application, the Division shall require a deposit of one hundred thousand dollars ($100,000) in cash or securities or a combination thereof for all provider sponsored organizations. The deposits shall be included in the calculations of a PSO's or applicant's net worth.
(b) All deposits required by this section shall be restricted to use in the event of insolvency to help assume continuation of services or pay costs associated with receivership or liquidation. (1998-227, s. 1.)
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