Before the Hill Health Maintenance Organization (HMO) Received a Certificate

Before the Hill Health Maintenance Organization (HMO) received a certificate of authority (COA) to operate in State X, it had to meet the state's licensing requirements and financial standards which were established by legislation that is identical to the

A) Hill had to have an initial net worth of at least $1.5 million in order to obtain a COA.
B) The COA most likely exempts Hill from any of State X's enabling statutes.
C) Hill had to be organized as a partnership in order to obtain a COA
D) The COA in no way indicates that Hill has demonstrated that it is fiscally sound.