(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.
(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.
(Apr. 9, 1997, D.C. Law 11-235, § 6, 44 DCR 818.)
1981 Ed., § 35-4505.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 34 - Health Maintenance Organizations
§ 31–3402. Establishment of health maintenance organizations
§ 31–3403. Issuance of certificate of authority
§ 31–3404. Powers of health maintenance organizations
§ 31–3405. Fiduciary responsibilities
§ 31–3406. Quality assurance program
§ 31–3407. Requirements for group contract, individual contract, and evidence of coverage
§ 31–3408. Annual report. [Repealed]
§ 31–3408.01. Compliance with other laws
§ 31–3409. Information to enrollees
§ 31–3410. Grievance procedures [Repealed]
§ 31–3412. Protection against insolvency
§ 31–3413. Uncovered expenditures insolvency deposit
§ 31–3414. Enrollment period; replacement coverage in the event of insolvency
§ 31–3415. Filing requirements for rating information
§ 31–3416. Regulation of health maintenance organization producers
§ 31–3417. Powers of insurance corporations
§ 31–3418. Examinations. [Repealed]
§ 31–3419. Suspension or revocation of certificate of authority
§ 31–3420. Rehabilitation, liquidation, or conservation of health maintenance organizations
§ 31–3421. Summary orders and supervision
§ 31–3423. Penalties and enforcement
§ 31–3424. Statutory construction and relationship to other laws
§ 31–3425. Filings and reports as public documents
§ 31–3426. Confidentiality of medical information and limitation of liability
§ 31–3427. Acquisition of control of or merger of a health maintenance organization
§ 31–3428. Coordination of benefits. [Repealed]
§ 31–3429. Point of service plan