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Rhode Island General Laws Title 42. State Affairs and Government § 42-157.1-1. Short title and purpose

Current as of January 01, 2022 | Updated by FindLaw Staff

(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.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 42. State Affairs and Government § 42-157.1-1. Short title and purpose - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-42-state-affairs-and-government/ri-gen-laws-sect-42-157-1-1/

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