Title I, SEC. 1551. CAPITAL STANDARDS FOR REGIONAL ALLIANCE HEALTH PLAN. 
      (a) In General. The Board shall establish, in consultation with the 
    States, minimum capital requirements for regional alliance health plans, 
    for purposes of section 1203(c). 

      (b) $500,000 Minimum. Subject to paragraph (3), under such requirements 
    there shall be not less than $500,000 of capital maintained for each plan 
    offered in each alliance area, regardless of whether or not the same 
    sponsor offered more than one of such plans. 

      (c) Additional Capital Requirements. The Board may require additional 
    capital for factors likely to affect the financial stability of health 
    plans, including the following: 

        (1) Projected plan enrollment and number of providers participating in 
      the plan. 

        (2) Market share and strength of competition. 

        (3) Extent and nature of risk-sharing with participating providers and 
      the financial stability of risk-sharing providers. 

        (4) Prior performance of the plan, risk history, and liquidity of 
      assets. 

      (d) Development of Standards by NAIC. The Board may request the National 
    Association of Insurance Commissioners to develop model standards for the 
    additional capital requirements described in subsection (c) and to present 
    such standards to the Board not later than July 1, 1995. The Board may 
    accept such standards as the standards to be applied under subsection (c) 
    or modify the standards in any manner it finds appropriate.