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DIGEST OF HB1341 (Updated February 27, 2002 2:41 PM - DI 84)
HMO risk based capital. Applies the risk based capital requirements for insurance companies to health maintenance organizations (HMOs) and limited service health maintenance organizations (LSHMOs), effective December 31, 2004. Allows the insurance commissioner to exempt certain HMOs and LSHMOs from the requirements. Requires an HMO and an LSHMO to file an informational risk based capital report in 2002, 2003, and 2004 for the immediately preceding calendar year.