§ 14476 Prepaid Health Plan Disclosures

Welfare and Institutions Code·California

AI SummaryVerified

Key Takeaways

•The boss of a health plan must tell the government every year if they buy stuff from companies where they or their family have a big money interest.
•This includes buying services, equipment, supplies, or property.
•It also applies if the health plan buys from companies where other important people (like directors or employees) or their families have a big money interest.

Example

The owner of a health plan buys medical supplies from a company his wife owns.

The owner must tell the government about this purchase because his wife has a big money interest in the company.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14476 Prepaid Health Plan Disclosures

The chief executive, sole proprietor, or managing partner of each prepaid health plan shall file with the department an annual statement disclosing any purchases or leases of services, equipment, supplies or real property by the plan from any entity in which any of the following persons have a substantial financial interest as defined by Section 14478: (a) Any person also having a substantial financial interest in the plan. (b) Any director, officer, partner, trustee or employee of the plan. (c) Any member of the immediate family of any person designated in (a) or (b). (Added by Stats. 1977, Ch. 1036.)

Last verified: January 23, 2026

Key Terms

prepaid health plan substantial financial interest annual statement

References

Official text at leginfo.legislature.ca.gov
California Legislature. Welfare and Institutions Code. Section 14476.

§ 14476 Prepaid Health Plan Disclosures

Welfare and Institutions Code·California

AI SummaryVerified

§ 14476 Prepaid Health Plan Disclosures

Key Takeaways

•The boss of a health plan must tell the government every year if they buy stuff from companies where they or their family have a big money interest.
•This includes buying services, equipment, supplies, or property.
•It also applies if the health plan buys from companies where other important people (like directors or employees) or their families have a big money interest.

Example

The owner of a health plan buys medical supplies from a company his wife owns.

The owner must tell the government about this purchase because his wife has a big money interest in the company.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14476 Prepaid Health Plan Disclosures

Last verified: January 23, 2026

Key Terms

prepaid health plan substantial financial interest annual statement

References

Official text at leginfo.legislature.ca.gov
California Legislature. Welfare and Institutions Code. Section 14476.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References