# 806 KAR 38:040: 806 KAR 38:040. Financial projections; area overlapping

> Kentucky · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R040

## Section

- **Citation:** 806 KAR 38:040
- **Heading:** 806 KAR 38:040. Financial projections; area overlapping
- **Jurisdiction:** Kentucky
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Kentucky Administrative Regulations / Title 806 (Public Protection Cabinet - Department of Insurance) / Chapter 038 / 806 KAR 38:040

## Text

Section 1. The three (3) year projections for the financial program of the applicant health maintenance organization shall be prepared by an individual who has satisfied the commissioner by virtue of his training, education and experience that he is qualified to make such projections. Section 2. The existence or proposed operation of health maintenance organizations in the same geographic area that could affect the number of prospective enrollees of the applicant health maintenance organization shall be disclosed to the commissioner in the description of the initial geographic area to be served. Section 3. In noting the sources of working capital and funding, the proposed health maintenance organization shall inform the commissioner whether there are grants, loans or loan guarantees from the federal government; if so, the amounts thereof, rates of interest, if any, the schedule of repayment, if any, of the principal and interest. If the working capital and funding is derived from other than through the federal government, indicate such source, giving details of such program, including any schedule of repayments of principal and interest on loans which may have been made.

## Nearby sections

- [806 KAR 38:010 806 KAR 38:010. Information required of applicants for certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R010.md)
- [806 KAR 38:040 806 KAR 38:040. Financial projections; area overlapping](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R040.md)
- [806 KAR 38:050 806 KAR 38:050. Fiscal soundness of organization](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R050.md)
- [806 KAR 38:070 806 KAR 38:070. Health maintenance organization subscriber fee filings](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R070.md)
- [806 KAR 38:080 806 KAR 38:080. Health maintenance organizations' reserve funds](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R080.md)
- [806 KAR 38:100 806 KAR 38:100. Risk-based capital for health organizations](https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R100.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_KAR_T806_C038_R040. Check the current official text before relying on it. Not legal advice.