1. (a) Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of such organization shall be responsible for such funds in a fiduciary relationship to the organization.
2. (b) A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on such employees and officers, directors, and partners in an amount not less than $250,000 and not more than $5,000,000.

History

Apr. 9, 1997, D.C. Law 11-235, § 6, 44 DCR 818

Prior Codifications

1981 Ed., § 35-4505.