{"data":{"id":"us-ky/krs-304.38a-030","jurisdiction":"us-ky","citation":"KRS 304.38A-030","heading":"Application for certificate of authority.","body":"An application for a certificate of authority to operate a limited health service\norganization shall be filed with the commissioner on a form prescribed by the\ncommissioner. The application shall be verified by an officer or authorized representative\nof the applicant and shall set forth, or be accompanied by, the following:\n(1) A copy of the applicant's basic organizational document, such as the articles of\nincorporation, articles of association, partnership agreement, trust agreement, or\nother applicable documents and all amendments to these documents;\n(2) A copy of all bylaws, rules, and regulations, or similar documents, if any, regulating\nthe conduct of the applicant's internal affairs;\n(3) A list of the names, addresses, official positions, and biograph ical information of\nthe individuals who are responsible for conducting the applicant's affairs, including\nbut not limited to all members of the board of directors, board of trustees, executive\ncommittee, or other governing board or committee, the principal  officers, and any\nperson or entity owning or having the right to acquire ten percent (10%) or more of\nthe voting securities of the applicant, and the partners or members in the case of a\npartnership or association. Such listing shall fully disclose the ex tent and nature of\nany contracts or arrangements between any individual who is responsible for\nconducting the applicant's affairs and the limited health service organization,\nincluding any possible conflicts of interest;\n(4) A complete biographical stateme nt, on forms prescribed by the department, with\nrespect to each individual identified under this section;\n(5) A statement generally describing the applicant, its facilities, personnel, and the\nlimited health services to be offered;\n(6) A copy of the form o f any contract made, or to be made between the applicant and\nany person listed in subsection (3) of this section;\n(7) A copy of the form of any contract made or to be made between the applicant and\nany person, corporation, partnership, or other entity for the performance on the\napplicant's behalf of any functions including but not limited to marketing,\nadministration, enrollment, investment management and provider agreements,\nsubcontract agreements, and risk -sharing arrangements for the provision of limited\nhealth services to enrollees;\n(8) A copy of the applicant's most recent financial statements audited by independent\ncertified public accountants. If the financial affairs of the applicant's parent\ncompany are audited by independent certified public accoun tants but those of the\napplicant are not, then a copy of the most recent audited financial statement of the\napplicant's parent company, certified by an independent certified public accountant,\nattached to which shall be consolidated financial statements of  the applicant, shall\nsatisfy this requirement unless the commissioner determines that additional or more\nrecent financial information is required for the proper administration of this subtitle;\n(9) A copy of the applicant's financial plan, including a thr ee (3) year projection of\nanticipated operating results with all material assumptions, a statement of the\nsources of working capital, and any other sources of funding and provisions for\ncontingencies;\n(10) A description of the proposed method of marketing;\n(11) A statement acknowledging that all lawful process in any legal action or proceeding\nagainst the applicant on a cause of action arising in this state is valid if served in\naccordance with KRS 304.3-230;\n(12) A description of how the applicant will com ply with KRS 304.38A -040 and\n304.38A-080;\n(13) The fee for issuance of a certificate of authority provided in Subtitle 4 of this\nchapter; and\n(14) Such other information as the commissioner may reasonably require to make the\ndeterminations required by this subtitle.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30015","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:57Z","sha256":"f904fedbf000eb61244b6cd62ae2aee142e32afd4b4d85dd2e97a5358cfd0fc2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.38a-020","next":"us-ky/krs-304.38a-040"},"notice":"GroundRules: Original legal text. Not legal advice."}