Ind. Code § 27-13-12-4

Current through P.L. 171-2024

Section 27-13-12-4 - Net worth schedule

A health maintenance organization licensed before July 1, 1994, must maintain a net worth equal to the following:

(1) Twenty-five percent (25%) of the amount required under section 3 of this chapter by December 31, 1994.

(2) Fifty percent (50%) of the amount required under section 3 of this chapter by December 31, 1995.

(3) Seventy-five percent (75%) of the amount required under section 3 of this chapter by December 31, 1996.

(4) One hundred percent (100%) of the amount required under section 3 of this chapter by December 31, 1997.

IC 27-13-12-4

As added by P.L. 26-1994, SEC.25.