• Current through October 23, 2012

(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.)


Prior Codifications

1981 Ed., § 35-4505.

Legislative History of Laws

For legislative history of D.C. Law 11-235, see Historical and Statutory Notes following § 31-3401.