§ 3805. General surplus; special contingent surplus.
79 words·~1 min read·
/de/title-18/chapter-38-dental-plan-organization-act/3805·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Commissioner may determine, at his or her discretion, the amount of a general surplus, if any, that the dental plan organization shall be required to maintain.
(b)A dental plan organization utilizing in the aggregate the services of more than 10 full-time equivalent dentists shall accumulate and maintain a special contingent surplus in excess of its assets over liabilities the rate of 2 percent annually of its net contract and certificate income until the surplus totals $50,000.