(1) It is the purpose of this subtitle to regulate in the public’s interest the formation and operation of prepaid health care service organizations, in order that such services may be made available upon a basis of fair and equitable contracts through state licensed nonprofit organizations meeting reasonable standards as to administration, reserves and financial soundness.
(2) The provisions of this subtitle shall be liberally interpreted to effectuate the purpose hereinabove declared.

Terms Used In Kentucky Statutes 304.32-020

  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

Effective: June 18, 1970
History: Created 1970 Ky. Acts ch. 301, subtit. 32, sec. 2, effective June 18, 1970.

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