Section 58-41-18 - Factors considered in determining financial responsibility

58-41-18. Factors considered in determining financial responsibility.In making a determination under subdivision 58-41-17(4), the director may consider:(1)The financial soundness of the applicant's arrangements for health care services and the proposed schedule of charges used in connection therewith;(2)The adequacy of its working capital;(3)Arrangements which will guarantee for a reasonable period of time the continued availability or payment of the cost of health care services in the event of discontinuance of the health maintenance organization;(4)Agreements with providers for the provision of health care services; and(5)Any surety bond or deposit of cash or securities submitted in accordance with §58-41-11 as a guarantee that the obligations will be duly performed. Source: SL 1974, ch 321, §10 (4).