§ 27-41-13-1

Before the director issues a certificate of authority in accordance with § 27-41-4 of this act, an applicant seeking to establish or operate a health maintenance organization shall have the greater of: (1) The amount of capital required for a health organization under chapter 4.7 of this title; (2) An initial net worth of three million dollars ($3,000,000); or (3) At the commissioner’s discretion, an amount greater than required under subsection (1) or (2), as indicated by a business plan and a projected risk-based capital calculation after the first full year of operation based on the most current National Association of Insurance Commissioners Health Annual Statements Blank. History of Section.P.L. 2005, ch. 176, § 2; P.L. 2023, ch. 395, art. 1, § 14, effective December 31, 2023.