§ 6905. Powers of health maintenance organization--Notice of effect on financial soundness
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 6905
§ 6905. Powers of health maintenance organization--Notice of effect on financial soundness
5. The contracting with an insurance company licensed in this state, or with a hospital or medical service corporation authorized to do business in this state, for the provision of insurance, indemnity or reimbursement against the cost of health care services provided by the health maintenance organization;
B. 1. A health maintenance organization shall file notice, with adequate supporting information, with the Insurance Commissioner prior to the exercise of any power granted in paragraphs 1, 2 or 4 of subsection A of this section that may affect the financial soundness of the health maintenance organization. The Insurance Commissioner shall disapprove the exercise of power only if, in the Insurance Commissioner's opinion, it would substantially and adversely affect the financial soundness of the health maintenance organization and endanger its ability to meet its obligations. If the Insurance Commissioner does not disapprove such exercise of power within sixty (60) days of the filing, it shall be deemed approved.
Credits
Laws 2003, c. 197, § 5, eff. Nov. 1, 2003.
36 Okl. St. Ann. § 6905, OK ST T. 36 § 6905
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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