§ 40.1-24.6-1 Definitions
§ 40.1-24.6-2 Purpose
§ 40.1-24.6-3 Authorization to self-insure
§ 40.1-24.6-4 Obligations of participating entities
§ 40.1-24.6-5 Establishment of fund
§ 40.1-24.6-6 Payment to and from fund
§ 40.1-24.6-7 Stop-loss coverage

Terms Used In Rhode Island General Laws > Chapter 40.1-24.6 - Self-Insurance of Developmental Disability Agencies

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Developmental disability agency: means any organization that has been established and licensed by the department of behavioral healthcare, developmental disabilities and hospitals for the purpose of providing either employment, vocational supports, residential and/or day-support services for adults with developmental disabilities in Rhode Island. See Rhode Island General Laws 40.1-24.6-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Qualified third-party administrator: means an entity with at least five (5) years of experience creating and operating health-benefit plans that maintain sufficiently capitalized self-insurance funds of similar characteristics of the fund being authorized in accordance with this chapter. See Rhode Island General Laws 40.1-24.6-1