Net worth -- Deposit -- Risk-based capital requirements
KRS 304.38A-080
in effect304.38A-080. Net worth -- Deposit -- Risk-based capital requirements
(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 commissioner for health maintenance organizations and other health organizations.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1521, effective July 15, 2010. -- Created 2002 Ky. Acts ch. 105, sec. 17, effective July 15, 2002.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=30020Fetched: 10/20/2026