Arizona Laws 20-1006.01. Risk-based capital requirements; minimum capital and surplus
Current as of: 2023 | Check for updates
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A. A prepaid dental plan organization shall comply with chapter 2, article 12 of this title.
Terms Used In Arizona Laws 20-1006.01
- Prepaid dental plan: means any contractual arrangement whereby any prepaid dental plan organization undertakes to provide directly or to arrange for prepaid dental services and to pay or make reimbursement for any remaining portion of such prepaid dental services on a prepaid basis through insurance or otherwise. See Arizona Laws 20-1001
- Prepaid dental plan organization: means any person who undertakes to conduct one or more prepaid dental plans providing only dental services. See Arizona Laws 20-1001
B. A prepaid dental plan organization that is exempt from the risk-based capital requirements prescribed in Section 20-488.08 shall maintain unimpaired capital or surplus, or both, in an amount of at least twenty-five thousand dollars.