Section 6906 - Receipt, collection, disbursement or investment of funds - Fiduciary relationship - Fidelity bond or insuranceA. A director, officer, employee or partner of a health maintenance organization who receives, collects, disburses or invests funds in connection with the activities of the organization shall be responsible for the funds in a fiduciary relationship to the organization.B. A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on such employees, officers, directors and partners in an amount that is not less than Two Hundred Fifty Thousand Dollars ($250,000.00) for each health maintenance organization, or a maximum of Five Million Dollars ($5,000,000.00) in aggregate maintained on behalf of health maintenance organizations owned by a common parent corporation, or the sum prescribed by the Insurance Commissioner.Okla. Stat. tit. 36, § 6906
Added by Laws 2003 , SB 635, c. 197, §6, eff. 11/1/2003; Amended by Laws 2005 , HB 1535, c. 129, §19, eff. 11/1/2005.