23-76-117. Investments.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-76-117. Investments. With the exception of investments made in accordance with § 23-76-109(a)(1) and (2) and § 23-76-109(b), the investable funds of a health maintenance organization shall be invested only in securities or other investments permitted by the laws of this state for the investment of assets constituting the legal reserves of life insurance companies or other securities or investments as the Insurance Commissioner may permit.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-76-117

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

23-76-109. Powers — Definition.

23-76-109. Powers — Definition. (a) The powers of a health maintenance organization include, but are not limited to, the following: (1) The purchase, lease, construction, renovation, operation, or maintenance of hospitals, medical facilities, or both, and their ancillary equipment, and the property as may reasonably be required for its principal office or for other purposes as may be necessary in the transaction of the business of the health maintenance organization; (2) The making of loans to a medical group under contract with it in furtherance of its program or the making of loans to a corporation or corporations under its control for the purpose of acquiring or constructing medical facilities and hospitals or in furtherance of a program providing healthcare services to enrollees; (3) The furnishing of healthcare services through providers which are under contract with the health maintenance organization; (4) The contracting with any person for the performance on its behalf of certain functions such as marketing, enrollment, and administration; (5) The contracting with an insurance company licensed in this state, or with a hospital or medical service corporation authorized to do business in this state, for the provision of insurance, indemnity, or reimbursement against the cost of healthcare services provided by the health maintenance organization; (6) The offering, in addition to basic healthcare services, of: (A) Additional healthcare services; (B) Indemnity benefits covering out-of-area or emergency services, and special services not provided on a direct service basis; and (C)(i) Indemnity benefits on a point-of-service basis within such limits as may be prescribed by the Insurance Commissioner. (ii) As used in this section, the term “point-o

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-76-109

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-76-109. This identifies an authority to review, not proof of applicability.