56-2-122 - Nonprofit health maintenance organization as subsidiary of certain hospital corporations. - Tennessee Statutes

56-2-122. Nonprofit health maintenance organization as subsidiary of certain hospital corporations.

A nonprofit health maintenance organization that, with the approval of the commissioner, was created prior to January 1, 1981, by a corporation operated pursuant to chapter 28 or chapter 29 of this title may be treated by the corporation as a subsidiary solely for the purpose of determining the status of the nonprofit health maintenance organization as an admitted asset; provided, that the corporation otherwise has a net worth at least equal to the capital and surplus requirements for an insurance company under §§ 56-2-114(a) and 56-2-115.

[Acts 1997, ch. 65, § 1.]