[§432D-4]  Fiduciary responsibilities. (a)  Any director, officer, employee, or partner of a health maintenanceorganization who receives, collects, disburses, or invests funds in connectionwith the activities of an organization shall be responsible for the funds in afiduciary relationship to the organization.

(b)  A health maintenance organization shallmaintain in force a fidelity bond or fidelity insurance on such employees,officers, directors, and partners in an amount not less than $250,000 for eachhealth maintenance organization or a maximum of $5,000,000 in aggregatemaintained on behalf of health maintenance organizations owned by a commonparent corporation, or such sum as may be prescribed by the commissioner. [L1995, c 179, pt of §1]