California Health and Safety Code

§ 1347.15

HSC § 1347.15 Effective Jan 1, 2025Div. 2 · Ch. 2.2 · Art. 2

Statute text

(a)There is hereby established in the Department of Managed Health Care the Financial Solvency Standards Board composed of 11 members. The members shall consist of the director, or the director’s designee, and 10 members appointed by the director. The 10 members appointed by the director may be, but are not necessarily limited to, health care consumer advocates and individuals with training and experience in the following subject areas or fields: medical and health care economics; accountancy, with experience in integrated or affiliated health care delivery systems; excess loss insurance underwriting in the medical, hospital, and health plan business; actuarial studies in the area of health care delivery systems; management and administration in integrated or affiliated health care delivery systems; investment banking; information technology in integrated or affiliated health care delivery systems; and large group health insurance purchasing. The members appointed by the director shall be appointed for a term of three years, but may be removed or reappointed by the director before the expiration of the term.

(b)The purpose of the board is to do all of the following:

(1)Advise the director on matters of financial solvency affecting the delivery of health care services.

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Legislative history

Amended by Stats. 2024, Ch. 116, Sec. 1. (AB 2767) Effective January 1, 2025.