Net worth to be maintained, amount
Known as the Standard Valuation Law
The act spans §§ 376–376 (408 sections).
Effective: 28 Aug 2007; (L. 2007 H.B. 818 merged with S.B. 66)
1. Each discount medical plan organization registered pursuant to sections * 376.1500 to 376.1532 shall at all times maintain a net worth of at least one hundred fifty thousand dollars.
2. The director may not allow a registration unless the discount medical plan organization has a net worth of at least one hundred fifty thousand dollars.
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.