§36-4527. Members of boards of directors – Conflict of interest –
195 words·~1 min read·
/ok/title-36-insurance/36-4527·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Definition of “affiliated”.
A. A member of a board of directors of a Health Insurance Purchasing Group
(HIPG)shall not serve as an employee or paid consultant to the HIPG, but may receive reasonable reimbursement for travel expenses for purposes of attending meetings of the board or committees thereof.
B. An individual is not eligible to serve in a paid or unpaid capacity on the board of directors of a HIPG or as an employee of the HIPG, if the individual is employed by, represents in any capacity, owns, or controls any ownership interest in an organization from whom the HIPG receives contributions, rents, or other funds not connected with a contract for coverage through the HIPG.
C. An individual who is serving on a board of directors of a HIPG as a representative described in subsection B of this section shall not be employed by or affiliated with a HIPG health carrier. For purposes of this subsection, the term "affiliated" does not include membership in a health benefits plan or the obtaining of health benefits coverage offered by a HIPG health carrier. Added by Laws 2002, c. 276, § 7, eff. Nov. 1, 2002.