§ 243.11. Compliance by existing self-insured hospitals.
A health care provider currently operating under an approved self-insurance plan shall comply with the capitalization requirements of § 243.3 (relating to standards for self-insurance plans) by November 18, 1987. Compliance shall be attained by meeting the capitalization levels set for the corresponding years the current self-insurance plans have been in existence. For example, a self-insurance plan approved by the Commissioner in 1986 shall have at least $200,000 in its trust fund by November 18, 1987, or a plan approved in 1985 shall have at least $325,000 by November 18, 1987.
Authority The provisions of this § 243.11 amended under The Insurance Department Act of 1921 (40 P. S. § § 1—321); The Insurance Company Law of 1921 (40 P. S. § § 341—991); and sections 206, 506, 1501 and 1502 of The Administrative Code of 1929 (71 P. S. § § 66, 186, 411 and 412); and the Health Care Services Malpractice Act (40 P. S. § § 1301.101—1301.1006).
Source The provisions of this § 243.11 adopted September 18, 1987, effective November 18, 1987, 17 Pa.B. 3742.
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