ENROLLED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 150
BY REPRESENTATIVE RITCHIE
AN ACT1
To amend and reenact R.S. 22:254(C), relative to health maintenance organizations; to2
clarify the minimum required capital and surplus for each such entity; and to provide3
for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 22:254(C) is hereby amended and reenacted to read as follows: 6
ยง254. Protection against insolvency7
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C. Each health maintenance organization shall establish prior to the issuance9
of any certificate of authority, and shall maintain as long as it does business in10
Louisiana as a health maintenance organization, the following capital and surplus11
requirements: in the amount of three million dollars.12
(1) For each health maintenance organization which, by July 1, 1995, has not13
filed its application for a certificate of authority with the commissioner as required14
by law, a minimum of the greater of three million dollars or the amounts required by15
Subpart D of Part III of this Chapter, R.S. 22:631 et seq. The million dollar deposit16
required pursuant to Subsection A of this Section shall apply as a part of this17
minimum requirement.18
(2) For each health maintenance organization which, by July 1, 1995, has19
filed its application for a certificate of authority with the commissioner as required20
by law, the minimum capital and surplus shall be:21
(i) Eight hundred thousand dollars by July 1, 1996.22 ENROLLEDHB NO. 150
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are additions.
(ii) One million five hundred thousand dollars by July 1, 1997.1
(iii) Two million dollars by July 1, 1998.2
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SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: