§ 27-19.2-6 - Actions requiring supermajority board approval. - Rhode Island Statutes

SECTION 27-19.2-6

   § 27-19.2-6  Actions requiringsupermajority board approval. – Neither a nonprofit hospital service corporation, nor an affiliate (as definedin § 27-19.2-2(a)) that is an insurer (as defined in § 27-20.6-1(1)),may take any of the following actions without the prior approval of at leasttwo-thirds percent (66.67%) of the corporation's entire board of directors:

   (1) Authorize a conversion as defined in § 27-66-4(3);

   (2) Withdraw a health insurance product previously offered inthe individual market; or

   (3) Result in the withdrawal from a geographic region.