§ 42-157.1-1. Short title and purpose.
(a) This chapter shall be known and may be cited as the “Rhode Island Market Stability and Reinsurance Act.”
(b) The purpose of this chapter is to authorize the director to create the Rhode Island reinsurance program to stabilize health insurance rates and premiums in the individual market and provide greater financial certainty to consumers of health insurance in this state.
(c) [Deleted by P.L. 2019, ch. 88, art. 11, § 4].
(d) No general revenue funding shall be used for reinsurance payments.
History of Section.P.L. 2018, ch. 220, § 1; P.L. 2018, ch. 278, § 1; P.L. 2019, ch. 88, art. 11, § 4.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-157.1 - Rhode Island Market Stability and Reinsurance Act
Section 42-157.1-1. - Short title and purpose.
Section 42-157.1-2. - Definitions.
Section 42-157.1-3. - Establishment of the Rhode Island reinsurance program.
Section 42-157.1-4. - Powers of the director.
Section 42-157.1-5. - Establishment of program fund.