Cal. Code Regs. Tit. 16, § 367.8 - Security for Claims Against a Chiropractic Corporation
(a) When a chiropractic corporation provides
security by means of insurance for claims against it by its patients, the
security shall consist of a policy or policies of insurance insuring the
corporation against liability imposed upon it by law for damages arising out of
claims against it by its patients arising out of the rendering of, or failure
to render, chiropractic services by the corporation an amount for each claim of
at least $50,000 multiplied by the number of employed licensed persons
rendering such chiropractic services and an aggregate maximum limit of
liability per policy year of at least $150,000 multiplied by the number of such
employees, provided that the maximum coverage shall not be required to exceed
$150,000 for each claim and $450,000 for all claims during the policy year, and
provided further that the deductible portion of such insurance shall not exceed
$5,000 multiplied by the number of such employees.
(b) All shareholders of the corporation shall
be jointly and severally liable for all claims established against the
corporation by its patients arising out of the rendering of, or failure to
render, chiropractic services up to the minimum amounts specified for insurance
under subsection (a) hereof except during periods of time when the corporation
shall provide and maintain insurance for claims against it by its patients
arising out of the rendering of, or failure to render chiropractic services.
Said insurance, when provided, shall meet the minimum standards established in
subsection (a) above.
Notes
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