20-1006. Reserve requirement;
exception


A. A prepaid dental plan organization at all times shall maintain for protection of
members a financial reserve consisting of two per cent of prepaid charges collected from
members for the plan, until such reserve totals five hundred thousand dollars. Such
reserve shall be in addition to the deposit prescribed by section 20-1005.


B. The reserve prescribed by subsection A of this section shall not apply with
respect to a prepaid dental plan organization which is funded by the federal, state or a
municipal government or any political subdivision or body and meets the requirements of
section 20-1005, subsection F.