§33-15E-5. Minimum Capital Requirements

WV Code § 33-15E-5 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) Before the commissioner issues a license to any person required to obtain a license under section four of this article, the person seeking to operate a discount medical plan organization shall demonstrate that it has a positive net worth of at least $150,000.

(b) Each discount medical plan organization shall at all times maintain a positive net worth of at least $150,000.