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2000 SESSION

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HB 835 Dental and optometric insurance.

Introduced by: Clifton A. (Chip) Woodrum | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Dental and optometric insurance; nonstock corporations. Eliminates the requirement that a nonstock corporation administering a dental or optometric plan be an agent for the participating dentists and optometrists. A change in a nonstock corporation’s agent status must be approved by the State Corporation Commission after review of the corporation’s financial condition and method of doing business. Nonstock corporations not acting as agents for dentists and optometrists must keep a contingency reserve of no less than the amount required for 45 days of operating expenses.

SUMMARY AS INTRODUCED:

Dental and optometric insurance; nonstock corporation not required to act as agent. Eliminates the requirement that a nonstock corporation administering a dental or optometric plan be an agent for the participating dentists and optometrists. A change in a nonstock corporation’s agent status must be approved by the State Corporation Commission after review of the corporation’s financial condition and method of doing business. Nonstock corporations not acting as agents for dentists and optometrists must keep a contingency reserve of no less than the amount required for 45 days of operating expenses.