514B.12  Annual report.

A health maintenance organization shall annually before the first day of March file with the commissioner a report verified by at least two of its principal officers and covering the preceding calendar year. The report shall be on forms prescribed by the commissioner and shall include:

1.  Financial statements of the organization including a balance sheet as of the end of the preceding calendar year and statement of profit and loss for the year then ended, certified by a certified public accountant or an independent public accountant.

2.  Any material changes in the information submitted pursuant to section 514B.3.

3.  The number of persons enrolled during the year, the number of enrollees as of the end of the year and the number of enrollments terminated during the year.

4.  Other information relating to the performance of the health maintenance organization as is necessary to enable the commissioner to carry out the commissioner's duties under this chapter.

Section History: Early form

  [C75, 77, 79, 81, § 514B.12]

Section History: Recent form

  92 Acts, ch 1162, § 25


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