California Health and Safety Code

§ 1374.68

HSC § 1374.68 Effective Jan 1, 2000Div. 2 · Ch. 2.2 · Art. 5.6

Statute text

A health care service plan that offers a point-of-service plan contract shall do all of the following:

(a)Deposit with the director or, at the discretion of the director, with any organization or trustee acceptable to the director through which a custodial or controlled account is maintained, cash, securities, or any combination of these, which is acceptable to the director, that at all times have a fair market value equal to the greater of either one of the following:

(1)Two hundred thousand dollars ($200,000).

…

Legislative history

Amended by Stats. 1999, Ch. 525, Sec. 119. Effective January 1, 2000. Operative July 1, 2000, or sooner, by Sec. 214 of Ch. 525.