Okla. Stat. tit. 36, § 36-6906
This is the official text of Okla. Stat. tit. 36, § 36-6906, 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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Receipt, collection, disbursement or investment of funds
Official statutory text
- Fiduciary relationship - Fidelity bond or insurance.
A. A director, officer, employee or partner of a health
maintenance organization who receives, collects, disburses or
invests funds in connection with the activities of the organization
shall be responsible for the funds in a fiduciary relationship to
the organization.
B. A health maintenance organization shall maintain in force a
fidelity bond or fidelity insurance on such employees, officers,
directors and partners in an amount that is not less than Two
Hundred Fifty Thousand Dollars ($250,000.00) for each health
maintenance organization, or a maximum of Five Million Dollars
($5,000,000.00) in aggregate maintained on behalf of health
maintenance organizations owned by a common parent corporation, or
the sum prescribed by the Insurance Commissioner.
A. A director, officer, employee or partner of a health
maintenance organization who receives, collects, disburses or
invests funds in connection with the activities of the organization
shall be responsible for the funds in a fiduciary relationship to
the organization.
B. A health maintenance organization shall maintain in force a
fidelity bond or fidelity insurance on such employees, officers,
directors and partners in an amount that is not less than Two
Hundred Fifty Thousand Dollars ($250,000.00) for each health
maintenance organization, or a maximum of Five Million Dollars
($5,000,000.00) in aggregate maintained on behalf of health
maintenance organizations owned by a common parent corporation, or
the sum prescribed by the Insurance Commissioner.
Status: in_force · Read it on the official government site
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