Rhode Island § 27-18.2-3.1 § 27-18.2-3.1. Premium rate review.

Rhode Island Statutes

§ 27-18.2-3.1 — § 27-18.2-3.1. Premium rate review.

Rhode Island § 27-18.2-3.1

Title 27Insurance

Ch. 27-18.2Medicare Supplement Insurance Policies

This text of Rhode Island § 27-18.2-3.1 (§ 27-18.2-3.1. Premium rate review.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-18.2-3.1 (2026).

Text

§ 27-18.2-3.1. Premium rate review.
(a) An issuer shall not deliver or issue for delivery a policy or certificate to a resident
            of this state unless the policy form or certificate form has been filed with and approved
            by the commissioner in accordance with filing requirements and procedures prescribed
            by the commissioner.
         
(b) The commissioner shall review the rate, rating formula, or rate manual filing and
            approve the filing, propose to the health insurance issuer how the filing can be amended
            and approved, or take other actions separately or in combination as the commissioner
            deems appropriate 

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§ 27-18.2-3.1. Premium rate review.

(a) An issuer shall not deliver or issue for delivery a policy or certificate to a resident of this state unless the policy form or certificate form has been filed with and approved by the commissioner in accordance with filing requirements and procedures prescribed by the commissioner.

(b) The commissioner shall review the rate, rating formula, or rate manual filing and approve the filing, propose to the health insurance issuer how the filing can be amended and approved, or take other actions separately or in combination as the commissioner deems appropriate and as authorized by law.

(1) For any rate filing subject to a public comment period, as determined by the commissioner, the issuer shall bear the reasonable expenses of the commissioner in connection with the filing including, but not limited to, any costs related to the compensation of actuaries or other experts appointed by the commissioner to assist in reviewing the issuer's requested rates.

(2) In the event the commissioner determines that a public hearing on a rate filing is necessary, in addition to subsection (b)(1) of this section, the issuer shall also bear the reasonable expenses associated with that public hearing, including without limitation costs relating to advertisements, legal counsel, expert fees, and stenographic reporting.

(c) The commissioner may approve, disapprove, or modify the rates, rating formula, or rating manual filed by the issuer.

(d) A health insurance rate, rating formula, or rate manual shall not be approved unless the commissioner determines that the health insurance issuer has demonstrated to the satisfaction of the commissioner that it is consistent with the proper conduct of the business of the issuer, and consistent with the interests of the public. In considering the interests of the public, the commissioner shall seek to ensure affordability and to minimize unreasonable disparities in access to coverage.

(e) The office of the health insurance commissioner shall evaluate the impact of adopting a community rating structure for Medicare supplement plans and certificates. The commissioner shall further review the notification process for enrollment periods, frequency, and outreach by the insurer. On or before January 1, 2026, the office shall report to the general assembly on its findings and recommendations.

Legislative History

P.L. 2022, ch. 393, § 2, effective July 1, 2023; P.L. 2022, ch. 394, § 2, effective July 1, 2023; P.L. 2025, ch. 433, § 1, effective July 2, 2025; P.L. 2025, ch. 434, § 1, effective July 2, 2025.