{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6954","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6954","heading":"Application for certificate of authority - Requirements","body":"The Insurance Commissioner may certify nonprofit health\n\nmaintenance organization corporations by issuing a certificate of\n\nauthority, authorizing the applicant to issue contracts to its\n\nsubscribers, when it is shown to the satisfaction of the\n\nCommissioner that:\n\n1. The applicant is established as a bona fide nonprofit health\n\nmaintenance organization corporation;\n\n2. The contracts between the applicant and the participating\n\nphysicians or other providers of health services obligate each\n\nprovider executing the same to render service to which each\n\nsubscriber may be entitled under the terms of the contract to be\n\nissued to the subscribers;\n\n3. The amount of required working capital of the corporation is\n\npaid into the corporation and, if subject to repayment, can be\n\nrepaid only out of operating income, without endangering the\n\nsolvency or financial strength of the nonprofit health maintenance\n\norganization corporation; and\n\n4. The nonprofit corporation has met, or will be able to meet,\n\nthe requirements set forth in the Health Maintenance Organization\n\nAct of 2003 and the risk-based capital for the Health Maintenance\n\nOrganization Act of 2003.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"837d073cdeb592595b2493f35cda492da57881c060d9048aac8f606177aa9911","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6953","next":"us-ok/okla.-stat.-tit.-36-36-6955"},"notice":"GroundRules: Original legal text. Not legal advice."}