Rhode Island General Laws Title 42. State Affairs and Government § 42-157.1-5. Establishment of program fund

(a) The health insurance market integrity fund is hereby established to provide funding for the operation and administration of the program in carrying out the purposes of the program under this chapter.

(b) The director is authorized to administer the fund.

(c) The fund shall consist of:

(d) [Deleted by P.L. 2019, ch. 88, art. 11, § 4].

(e) No general revenue funding shall be used for reinsurance payments.

(f) A restricted receipt account shall be established for the fund which may be used for the purposes set forth in this section and shall be exempt from the indirect cost recovery provisions of § 35-4-27.

(g) Monies in the fund shall be used to provide reinsurance to health insurance carriers as set forth in this chapter and its implementing regulations, and to support the personnel costs, operating costs, and capital expenditures of the exchange and the division of taxation that are necessary to carry out the provisions of this chapter, §§ 44-30-101 through 44-30-102, and §§ 42-157-11 through 42-157-14.

(h) Any excess monies remaining in the fund, not including any monies received from the federal government pursuant to subsection (c)(1) or (c)(2) of this section and after making the payments required by subsection (g) of this section, may be used for preventative healthcare programs for vulnerable populations in consultation with the executive office of health and human services.