Rhode Island General Laws 27-19-2. Organization as charitable corporation – Insurance laws inapplicable
Each nonprofit hospital service corporation shall be incorporated as a charitable corporation under the provisions of chapter 6 of Title 7, and shall be subject to that chapter and to this chapter. The laws of this state relative to insurance companies or to the business insurance shall not apply to any nonprofit hospital service corporation unless expressly provided in those laws. Each nonprofit hospital service corporation shall be deemed to be an insurer, for the purposes of compliance with chapter 44-17.
History of Section.
P.L. 1939, ch. 719, § 2; G.L. 1956, § 27-19-2; P.L. 2007, ch. 73, art. 28, § 1.
Terms Used In Rhode Island General Laws 27-19-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Nonprofit hospital service corporation: means any corporation organized pursuant to this chapter for the purpose of establishing, maintaining, and operating a nonprofit hospital service plan;
(18) "Nonprofit hospital service plan" means a plan by which specified hospital care is to be provided to subscribers to the plan by a contracting hospital;
(19) "Office of the health insurance commissioner" means the agency established under § 42-14. See Rhode Island General Laws 27-19-1