28 CA ADC § 1300.76.4


      28 CCR s 1300.76.4

      Cal. Admin. Code tit. 28, s 1300.76.4


      CALIFORNIA CODE OF REGULATIONS
      TITLE 28. MANAGED HEALTH CARE
      DIVISION 1. THE DEPARTMENT OF MANAGED HEALTH CARE
      CHAPTER 2. HEALTH CARE SERVICE PLANS
      ARTICLE 9. FINANCIAL RESPONSIBILITY
      RISK-BEARING ORGANIZATIONS
      This database is current through 06/09/06, Register 2006, No. 23.

      s 1300.76.4. Prohibited Financial Practices.

      (a) No solicitor shall maintain, and no plan or solicitor firm shall 
      permit a solicitor in its employ to maintain, an account with a financial 
      institution for funds of the plan, solicitor firm, subscribers or group 
      representatives, except an account which is in the name of and under the 
      control of the plan or solicitor firm.

      (b) No solicitor shall receive funds on behalf of a plan or solicitor 
      firm, and no plan or solicitor firm shall permit a solicitor in its employ 
      to receive funds on behalf of the plan or solicitor firm, but this section 
      shall not prohibit a solicitor from receiving only funds in the form of 
      checks payable to the plan or solicitor firm if such solicitor deposits 
      such checks to an account of the plan or solicitor firm by the close of 
      the business day following receipt thereof or forwards such checks to the 
      plan or solicitor firm by the close of the business day following receipt 
      thereof.


      


      Note: Authority cited: Section 1344, Health and Safety Code. Reference: 
      Section 1376, Health and Safety Code. 


       HISTORY 
         
      1. New section filed 11-9-77 as an emergency; effective upon filing 
      (Register
      77, No. 46).

      2. Certificate of Compliance filed 2-6-78 (Register 78, No. 6).

      3. Amendment filed 12-8-82; effective thirtieth day thereafter (Register 
      82, 
      No. 50).

      4. Amendment of NOTE filed 1-12-83; effective thirtieth day thereafter 
      (Register 83, No. 3).
      28 CA ADC s 1300.76.4

      END OF DOCUMENT

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