§ 310:657-15-1

Okla. Admin. Code § 310:657-15-1

Net worth requirement

Effective Jun 13, 199613 Ok Reg 2127Added at 12 Ok Reg 2977, eff 6-16-95 (emergency); Added at 13 Ok Reg 2127, eff 6-13-96Oklahoma State Department of Health

(a) The Plan's net worth shall be calculated as assets minus liabilities, plus fully subordinated debt.
(b) The Plan shall maintain a positive net worth and shall maintain working capital to meet its obligations as they become due.

Added at 12 Ok Reg 2977, eff 6-16-95 (emergency)

Added at 13 Ok Reg 2127, eff 6-13-96