Any contract for health care services described in section 62R.17 is subject to the following requirements:

1. (1) The contract must be structured so that the health provider cooperative does not bear financial risk in excess of 50 percent of the self-insured employer plan's expected annual costs.
2. (2) The contract must not be effective prior to January 1, 1996.
3. (3) The contract must be limited to those services regularly provided by the cooperative or its members.

4. (4) The contract must obligate the qualified employer to maintain its self-insured employer plan in accordance with section 62R.21.

   * NOTE: See section 62R.26 for expiration date.