Okla. Stat. tit. 36, § 36-6954
This is the official text of Okla. Stat. tit. 36, § 36-6954, 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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Application for certificate of authority - Requirements
Official statutory text
The Insurance Commissioner may certify nonprofit health
maintenance organization corporations 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 health
maintenance organization corporation;
2. The contracts between the applicant and the participating
physicians or other providers of health services 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 only out of operating income, without endangering the
solvency or financial strength of the nonprofit health maintenance
organization corporation; and
4. The nonprofit corporation has met, or will be able to meet,
the requirements set forth in the Health Maintenance Organization
Act of 2003 and the risk-based capital for the Health Maintenance
Organization Act of 2003.
maintenance organization corporations 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 health
maintenance organization corporation;
2. The contracts between the applicant and the participating
physicians or other providers of health services 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 only out of operating income, without endangering the
solvency or financial strength of the nonprofit health maintenance
organization corporation; and
4. The nonprofit corporation has met, or will be able to meet,
the requirements set forth in the Health Maintenance Organization
Act of 2003 and the risk-based capital for the Health Maintenance
Organization Act of 2003.
Status: in_force · Read it on the official government site
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