Section 209 – Minimum capital or minimum permanent surplus.
31A-8-209. Minimum capital or minimum permanent surplus. (1) (a) A health maintenance organization being organized or operating under this chapter shall have and maintain a minimum capital or minimum permanent surplus of $100,000. (b) Each health maintenance organization authorized to do business in this state shall have and maintain qualified assets as defined in Subsection […]
Section 211 – Deposit.
Effective 5/12/2020 31A-8-211. Deposit. (1) Except as provided in Subsection (2), each health maintenance organization authorized in this state shall maintain a deposit with the commissioner under Section 31A-2-206 in an amount equal to the sum of: (a) $100,000; and (b) 50% of the greater of: (i) $900,000; (ii) 2% of the annual premium revenues […]
Section 213 – Certificate of authority.
31A-8-213. Certificate of authority. (1) An organization may apply for a certificate of authority at any time prior to the expiration of its organization permit. The application shall include: (a) a detailed statement by a principal officer about any material changes that have taken place or are likely to take place in the facts on […]
Section 214 – Securities.
31A-8-214. Securities. Chapter 5, Part 3, Securities of Domestic Insurance Corporations, applies to securities of organizations, except that the amount “$150,000” in Subsection 31A-5-304(1) shall be read “one-half of the minimum capital required of the organization.” Amended by Chapter 90, 2004 General Session
Section 215 – Management.
31A-8-215. Management. Chapter 5, Part 4, Management of Insurance Corporations, applies to organizations, except that for purposes of this chapter, Subsections 31A-5-412(3)(a)(vi) through (ix) shall be read: “corporate reorganizations under Section 31A-8-216.” Amended by Chapter 349, 2009 General Session
Section 216 – Corporate reorganizations.
31A-8-216. Corporate reorganizations. Sections 31A-5-501 through 31A-5-506 and Section 31A-5-508 apply to corporate reorganizations of organizations. Enacted by Chapter 204, 1986 General Session
Section 217 – Material transactions by insurers which are part of holding company system.
31A-8-217. Material transactions by insurers which are part of holding company system. (1) This section applies to an insurer licensed under this chapter that is part of a holding company system, for purposes of: (a) the reporting requirements of Section 31A-16-105; and (b) the material transaction standards of Section 31A-16-106. (2) Unless otherwise provided by […]
Section 207 – Termination of organization permit — Payment of organization expenses.
31A-8-207. Termination of organization permit — Payment of organization expenses. Section 31A-5-209, other than Subsection 31A-5-209(3)(c), applies to the termination of the organization permit and the payment of organization expenses of organizations, except that “Section 31A-5-212” shall be read “Section 31A-8-213.” Amended by Chapter 185, 2002 General Session
Section 208 – Incorporators’ liability and organization expenses.
31A-8-208. Incorporators’ liability and organization expenses. Section 31A-5-210 applies to incorporators’ liability and organization expenses in organizations. Enacted by Chapter 204, 1986 General Session
Section 201 – Scope of part.
31A-8-201. Scope of part. This part applies to all organizations doing business in this state. Amended by Chapter 123, 2005 General Session