KRS 304.38A-080: Net worth -- Deposit -- Risk-based capital requirements.
Where this section sits in the code
(1) Each limited health service organization shall at all times have and maintain a net
worth of not less than one hundred twenty-five thousand dollars ($125,000).
(2) (a) Each limited health service organization shall deposit with the commissioner
or with any organization or trustee acceptable to the commissioner through
which a custodial or controlled account is utilized, cash, securities, or any
combination of these or other measures that is acceptable to the commissioner
in an amount equal to fifty thousand dollars ($50,000).
(b) The deposit shall be an admitted asset.
(3) A limited health service organization shall at all times comply with the risk -based
capital requirements for health organizations in administrative regulations
promulgated by the commissio ner for health maintenance organizations and other
health organizations.
Collected 2026-09-05T20:57:57Z. Source file · JSON