§ 27-4.7-10 - Supplemental provisions – Rules – Exemption. - Rhode Island Statutes

SECTION 27-4.7-10

   § 27-4.7-10  Supplemental provisions –Rules – Exemption. – (a) The provisions of this chapter are supplemental to any other provisions ofthe laws of this state, and shall not preclude or limit any other powers orduties of the commissioner under those laws, including, but not limited to,chapters 41, 19, 20, 20.1, 20.2, 20.3, 14.1, 14.2, and 14.3 of this title. Theprovisions of this chapter shall supersede any provisions of this title inconflict with this chapter.

   (b) The commissioner may adopt reasonable rules necessary forthe implementation of this chapter.

   (c) The commissioner may exempt from the application of thischapter or modify the requirements of this chapter for:

   (1) A domestic health organization that:

   (i) Writes direct business only in this state;

   (ii) Assumes no reinsurance in excess of five percent (5%) ofdirect premium written; and

   (iii) Writes direct annual premiums for comprehensive medicalbusiness of two million dollars ($2,000,000) or less; or

   (iv) Is a limited health service organization that coversless than two thousand (2,000) lives; or

   (2) A domestic health organization that provides a plan ofhealth insurance, health benefits, or health services to members, eighty-fivepercent (85%) or greater of which are participants in the RIte Care programadministered by the State of Rhode Island, if the health organization hascontracts with insurers, hospital or medical service corporations, governments,or other organizations that are sufficient to reasonably assure the performanceof its obligations; provided, that in no event shall the net worth or totaladjusted capital requirement be less than one hundred thousand dollars($100,000).