Factors considered in determining financial responsibility

In making a determination under subdivision 58-41-17(4), the director may consider: (1) The financial soundness of the applicant's arrangements for health care services and the proposed schedule of charges used in connection therewith; (2) The adequacy of its working capital; (3) Arrangements which will guarantee for a reasonable period of time the continued availability or payment of the cost of health care services in the event of discontinuance of the health maintenance organization; (4) Agreements with providers for the provision of health care services; and (5) Any surety bond or deposit of cash or securities submitted in accordance with § 58-41-11 as a guarantee that the obligations will be duly performed. Source: SL 1974, ch 321 , § 10 (4).