Title 23, Public Utilities and Regulated Industries

(a) Nothing in this chapter shall be deemed to alter the relationship of physician and patient. (b) The corporation shall not in any way influence the subscriber in his or her free choice of hospital or physician, other than to limit its benefits to participating hospitals and ph…

(a) Any corporation shall hereafter be organized under the laws of this state relating to private corporations not for pecuniary profit, insofar as the laws are not inconsistent with this chapter. (b) (1) Upon adoption of an amendment to its articles of incorporation or bylaws, t…

(a) The corporation may issue contracts to its subscribers only when the Insurance Commissioner has, by certificate of authority, authorized it to do so. (b) Application for the certificate of authority shall be made on forms supplied or approved by the commissioner containing su…

(a) The Insurance Commissioner shall issue an initial certificate of authority authorizing the applicant to issue contracts to its subscribers when it is shown to the satisfaction of the commissioner that:(1) The applicant is established as a bona fide nonprofit hospital service …

(a) (1) Corporations governed by this chapter shall at all times have on deposit through the Insurance Commissioner sums as follows:(A) If newly formed under this chapter, the sum of fifteen thousand dollars ($15,000); or(B) If formed under prior law, the sum as was required unde…

(a) A corporation holding a certificate of authority under this chapter may enter into contracts with:(1) Licensed hospitals;(2) Physicians and surgeons licensed to practice in this state;(3) Licensed nursing homes;(4) Visiting nurse associations; and(5) Any hospital maintained a…

(a) (1) All rates charged by the corporation to subscribers or classes of subscribers having contracts covered by §§ 23-85-101 — 23-85-131, and the form and content of all contracts between the corporation and its subscribers, classes of subscribers, or groups of subscribers, and…

(1) The directors of a corporation shall at all times include representatives of:(1) Administrators or trustees of hospitals which have contracted with the corporation to render hospital service to subscribers, if the corporation is a hospital service corporation or a hospital an…

(a) The operating and administrative expenses of any corporation, including, but not limited to, all costs in connection with the solicitation of subscribers to such a corporation and capital expenditures, shall not exceed:(1) Thirty percent (30%) of paid subscriptions during the…

(a) (1) Not later than March 1 of each year, every corporation shall file with the Insurance Commissioner a statement sworn to by at least two (2) of its principal officers, showing its condition on the last day of the next preceding calendar year.(2) In accordance with the speci…

(1) Any surplus in excess of all reserves established by the directors of the corporation and shown in the annual report of a corporation may be used by the corporation for the following purposes in the order of priority shown:(1) To liquidate on a pro rata basis any losses incur…

No liability shall attach to any corporation holding a certificate of authority under this chapter by reason of the failure on the part of any hospital or physician to render service to any of its subscribers, nor for the negligence, malpractice, or other acts of hospitals or phy…

All orders of the Insurance Commissioner made pursuant to this chapter shall be subject to the provisions of § 23-61-101 et seq. and § 23-61-201 et seq., including the right of hearing, rehearing, and appeal.

(a) The officers of every foreign or alien corporation, and the officers of every domestic corporation, transacting business under this chapter shall, at the time of making its annual statement, file with the Insurance Commissioner a sworn statement of its net direct written prem…

(a) Every corporation doing business pursuant to this chapter is declared to be a nonprofit and benevolent institution. (b) The corporations are exempt from state, county, district, municipal, and school tax, including the taxes prescribed by this code, and excepting only tax on …

Hospital and medical service corporations shall have power to make donations for the public welfare or for charitable, scientific, or educational purposes, subject to such limitations, if any, as may be contained in its articles of incorporation or any amendment thereto.

(a) A hospital and medical service corporation, as defined in § 23-75-101, may be converted to a legal reserve mutual life insurer, as defined in § 23-69-102, under a plan or procedure which shall be approved by the order of the Insurance Commissioner. (b) The commissioner shall …