40-19a02. Organization; purposes; function as administrative agent for group programs.
40-19a02
40-19a02. Organization; purposes; function as administrative agent forgroup programs.Nonprofit corporations may be organized for the purpose of entering intocontracts with participating dentists to provide or administer professionalservice for subscribers on such bases as may be designated in thecorporation's contracts with purchasing groups, individuals and governmentagencies. Such corporations may provide service or indemnity benefits.Compensation for professional services shall be either on a scheduled basisor on the basis of usual, customary and reasonable charges. Inherent in theauthority provided hereby is the right of any such corporation to functionas an administrative agent with respect to any group dental care programinstalled by a private organization for its employees or members, or withrespect to any dental care program initiated by any local, state or federalgovernmental body.
History: L. 1972, ch. 174, § 2; July 1.