Okla. Stat. tit. 36, § 36-2691.3
This is the official text of Okla. Stat. tit. 36, § 36-2691.3, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Certificate of authority; requirement
Official statutory text
The Insurance Commissioner shall certify such corporation by
issuing a certificate of authority, authorizing the applicant to
issue contracts to its subscribers, when it is shown to the
satisfaction of the Commissioner that:
1. The applicant is established as a bona fide nonprofit
chiropractic service corporation;
2. The contracts between the applicant and the participating
chiropractors or other providers of health services, if any,
obligate each provider executing the same to render service to which
each subscriber may be entitled under the terms of the contract to
be issued to the subscribers;
3. The amount of required working capital, of the corporation
is paid into the corporation and, if subject to repayment, can be
repaid, but without interest, and only out of operating income;
4. The amount of money actually available for working capital
is sufficient to carry on the plan for a period of three (3) months
from the date of issuance of the certificate of authority; and
5. The applicant has secured signed contracts of participation
from not less than one-third of the chiropractors within the State
of Oklahoma, who are licensed by the State of Oklahoma. The form of
such contracts of participation shall be approved by the Board of
Chiropractic Examiners of Oklahoma prior to securing the required
signatures.
issuing a certificate of authority, authorizing the applicant to
issue contracts to its subscribers, when it is shown to the
satisfaction of the Commissioner that:
1. The applicant is established as a bona fide nonprofit
chiropractic service corporation;
2. The contracts between the applicant and the participating
chiropractors or other providers of health services, if any,
obligate each provider executing the same to render service to which
each subscriber may be entitled under the terms of the contract to
be issued to the subscribers;
3. The amount of required working capital, of the corporation
is paid into the corporation and, if subject to repayment, can be
repaid, but without interest, and only out of operating income;
4. The amount of money actually available for working capital
is sufficient to carry on the plan for a period of three (3) months
from the date of issuance of the certificate of authority; and
5. The applicant has secured signed contracts of participation
from not less than one-third of the chiropractors within the State
of Oklahoma, who are licensed by the State of Oklahoma. The form of
such contracts of participation shall be approved by the Board of
Chiropractic Examiners of Oklahoma prior to securing the required
signatures.
Status: in_force · Read it on the official government site
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