2018 Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-157.1 Rhode Island Market Stability and Reinsurance Act
Section 42-157.1-5 Establishment of program fund.
§ 42-157.1-5. Establishment of program fund.
(a) A fund shall be 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:
(1) Any pass-through funds received from the federal government under a waiver approved under 42 U.S.C. § 18052;
(2) Any funds designated by the federal government to provide reinsurance to carriers that offer individual health benefit plans in the state;
(3) Any funds designated by the state to provide reinsurance to carriers that offer individual health benefit plans in the state; and
(4) Any other money from any other source accepted for the benefit of the fund.
(d) 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.)
