California Insurance Code

§ 10733

INS § 10733 Effective Jan 1, 2001Div. 2 · Part 2 · Ch. 8 · Art. 4

Statute text

On or after the effective date of this chapter, the board shall enter into contracts with carriers for the purpose of providing health benefits coverage to eligible employees and dependents. Participating carriers shall have, but need not be limited to, all of the following operating characteristics satisfactory to the board:

(a)Strong financial condition, including the ability to assume the risk of providing and paying for covered services. A participating carrier may utilize reinsurance, provider risk sharing, and other appropriate mechanisms to share a portion of the risk.

(b)Adequate administrative management.

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Legislative history

Amended by Stats. 2000, Ch. 857, Sec. 68. Effective January 1, 2001.