Bonds or insurance for directors, officers, employees, partners and contractors

1. Law
2. Mississippi Code
3. Insurance
4. Hospital and Medical Service Associations and Contracts
5. Health Maintenance Organization, Preferred Provider Organization and Other Prepaid Health Benefit Plans Protection Act
6. Bonds or insurance for directors, officers, employees, partners and contractors

1. Any director, officer, employee, contractor or partner of a health maintenance organization who receives, collects, disburses or invests funds in connection with the activities of such organization shall be responsible for the funds in a fiduciary relationship to the organization.
2. A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on employees and officers, directors and partners in an amount not less than Two Hundred Fifty Thousand Dollars ($250,000.00) for each health maintenance organization or a maximum of Five Million Dollars ($5,000,000.00) in aggregate maintained on behalf of health maintenance organizations owned by a common parent corporation, or such sum as may be prescribed by the commissioner.

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