KRS 304.38-073: Deposit of cash or securities for performance of obligations to enrollees.

Each health maintenance organization shall furnish to the commissioner a deposit of cash

or securities approved by the commissioner in an amount not less than five hundred

thousand dollars ($500,000) so that the obligations to the enrollees shall be performed. A

health maintenance organization may be required to furnish an additional deposit if the

commissioner determines, after a hearing, that an additional deposit is necess ary for the

protection of the health maintenance organization's enrollees.