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054.00.117-5. Certificate of Authority

AR ADC 054.00.117-5Arkansas Administrative CodeEffective: September 25, 2017

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 117. Provider-Led Organization Licensure Standards
Effective: September 25, 2017
Ark. Admin. Code 054.00.117-5
054.00.117-5. Certificate of Authority
Currentness
A. Requirement To Be Newly Formed And Organized.
Unless currently authorized or licensed by the Department as a carrier as defined in Ark. Code Ann. § 20-77-2703(4), no RBPO shall transact business in this State under the Organized Care Act Program unless authorized by a subsisting certificate of authority issued to it by the Commissioner. Unless currently authorized or licensed by the Department as a carrier as defined in Ark. Code Ann. § 20-77-203(4), no RBPO shall be granted a certificate of authority unless it is newly formed and organized for the purpose of its participation in the Organized Care Act Program.
B. Entity Type
The business organization form of an RBPO may be any organization type which permits a valid certificate of authority to be issued to it by the Arkansas Secretary of State. The RBPO must obtain and maintain a valid certificate of authority issued by the Secretary of State.

Credits

Adopted emergency effective May 22, 2017. Amended Sept. 25, 2017.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.117-5, AR ADC 054.00.117-5
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