Rhode Island General Laws 27-19.2-10. Nonprofit hospital and/or medical service corporations – Responsibilities
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In accordance with their nonprofit hospital and/or medical service corporation mission, nonprofit insurers shall be required to:
(1) Offer products in the small group;
(2) Offer products in the individual market, with at least one 30-day open enrollment period every twelve (12) months;
(3) Employ pricing strategies that enhance the affordability of health care coverage; and
(4) Protect the financial condition of the nonprofit hospital and/or medical service plan.
History of Section.
P.L. 2004, ch. 330, § 2; P.L. 2004, ch. 567, § 2.
Terms Used In Rhode Island General Laws 27-19.2-10
- 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.