Rhode Island General Laws Title 27. Insurance § 27-41-13.3. Waiver, surplus notes, and risk-based capital requirements

(a) The director may waive any of the net worth or total adjusted capital requirements, or both, as set forth in §§ 27-41-13.1 or 27-41-13.2, whenever satisfied that the health maintenance organization has sufficient net worth or total adjusted capital, or both, and an adequate history of generating net income to ensure its financial viability for the next year, or its performance and obligations are guaranteed by an organization with sufficient net worth and an adequate history of generating net income, or the assets of the health maintenance organization or its contracts with insurers, hospital or medical service corporations, governments, or other organizations are sufficient to reasonably assure the performance of its obligations;  provided, however, that in no event shall the net worth requirement be less than two million five hundred thousand dollars ($2,500,000).

(b) Surplus notes.

(c) In addition to the net worth and capital requirements of §§ 27-41-13.1 through 27-41-13.3, all requirements of chapter 4.7 of this title shall apply to health maintenance organizations.