Section 19: Registration: health maintenance organisations.

(1) The Council shall approve and register for the Scheme private and public health maintenance insurance organisations (in this Act referred to individually as "organisation") for the purposes of this Act.
(2) The registration of an organisation under the Scheme shall be in such form and manner as may be determined, from time to time, by the Council, using guidelines which shall include provisions requiring the organisation to -
(a) be financially viable before and after registration;
(b) make a complete disclosure of the ownership structure and composition of the organisation;
(c) have account with one or more banks approved by the Council;
(d) be insured with an insurance company acceptable to the Council; and
(e) give an undertaking that the organisation shall manage and invest the funds accruing to it from contributions received pursuant to this Act in accordance with guidelines to be issued, from time to time, by the Council.
(3) The registration of an organisation under the Scheme -
(a) shall be valid for such period as may be determined by the Council; and
(b) may be renewed at the expiry of every registration, so however that, no registration shall be renewed unless the organisation concerned has complied with guidelines issued under this Act.