Basic Qualifications for Director Service

A Member-Director, elected from the insured membership of CoOportunity Health, must meet certain basic requirements as specified by both Consumer Operated and Oriented Plan (CO-OP) regulations and federal and/or state insurance company director requirements.

  1. At the time of your appointment to the Board of Directors, you must be covered under an individual or group health insurance policy issued by CoOportunity Health.
  2. You must be 18 years of age or older.
  3. You cannot have been convicted of a felony involving dishonesty or breach of trust.
  4. You cannot be a director, officer, employee or representative of any:
    • Federal, state or local government or any political subdivision or instrumentality thereof;
    • Health insurer that was in existence on July 16, 2009 (a “pre-existing issuer”), a holding company controlling a pre-existing issuer, a foundation established by one, a predecessor of one, or a related entity;
    • Trade association of pre-existing issuers.
  5. While you may be a director, officer, employee or representative of another entity, that service may not conflict with your Director’s duties to CoOportunity Health.
  6. You must disclose financial information, to include having been declared bankrupt or having been an owner of an enterprise that has been declared bankrupt.
  7. You must disclose personal information, to include any criminal charges and convictions (excluding civil traffic offenses).
  8. You must pass a federal and/or state background check as required for insurance company directors.
  9. You must complete UCAA Form 11 from the National Association of Insurance Commissioners (NAIC).
  10. You understand that Board of Director elections are always contested, with more than one nominee per open Director positions.
  11. You must agree to public disclosure of your name as a nominee for Director, to include election material sent to CoOportunity Health members and available on the public website, public statements and reports to both the Iowa Insurance Division and Nebraska Department of Insurance.



Enter your email address below to get Email Updates: