Purpose and interpretation
KRS 304.32-020
in effect304.32-020. Purpose and interpretation
(1) It is the purpose of this subtitle to regulate in the public's interest the formation and operation of prepaid health care service organizations, in order that such services may be made available upon a basis of fair and equitable contracts through state licensed nonprofit organizations meeting reasonable standards as to administration, reserves and financial soundness.
(2) The provisions of this subtitle shall be liberally interpreted to effectuate the purpose hereinabove declared.
Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 32, sec. 2, effective June 18, 1970.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29759Fetched: 10/20/2026