Title I, SEC. 1408. FINANCIAL SOLVENCY. Each regional alliance health plan must (1) meet or exceed minimum capital requirements established by States under section 1204(a); (2) in the case of a plan operating in a State, must participate in the guaranty fund established by the State under section 1204(c); and (3) meet such other requirements relating to fiscal soundness as the State may establish (subject to the establishment of any alternative standards by the Board).