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2018 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.
Universal Citation: RI Gen L § 42-157.1-1 (2018)
§ 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) Nothing in this chapter shall be construed as obligating the state to appropriate funds or make payments to carriers.
History of Section.
(P.L. 2018, ch. 220, § 1; P.L. 2018, ch. 278, § 1.)
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