20-1063. Powers of insurers and hospital and
medical service corporations
A. An insurer, or a hospital or medical service corporation, authorized to do
business in this state either directly or through a subsidiary or an affiliate may
organize and operate a health care services organization under the provisions of this
article. Notwithstanding any other law to the contrary, any two or more such insurers,
hospital or medical service corporations, or subsidiaries or affiliates thereof, may
jointly organize and operate a health care services organization.
B. Any such insurer or hospital or medical service corporation may contract with a
health care services organization to provide coverage in the event of the failure of the
health care services organization to meet its obligations.
C. Any such insurer or hospital or medical service corporation which is in
compliance with title 20 generally and which in the judgment of the director shall have
complied with provisions of this title that are comparable to or more restrictive than
the provisions of this article shall be deemed to have satisfied all provisions of this
article and shall not be required to comply also in any specific manner with this article
except sections 20-1051 through 20-1054 as the director shall deem appropriate, and
except as per rules or regulations the director may promulgate to safeguard public health
or safety.
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