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

Rhode Island Statutes

§ 27-19.2-6 — § 27-19.2-6. Actions requiring supermajority board approval.

Rhode Island § 27-19.2-6

Title 27Insurance

Ch. 27-19.2Nonprofit Hospital and Medical Service Corporations

This text of Rhode Island § 27-19.2-6 (§ 27-19.2-6. Actions requiring supermajority board approval.) 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 § 27-19.2-6 (2026).

Text

§ 27-19.2-6. Actions requiring supermajority board approval.
Neither a nonprofit hospital service corporation, nor an affiliate (as defined in
            27-19.2-2) 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 least two-thirds
            percent (66.67%) of the corporation's entire board of directors:
         
(1) Authorize a conversion as defined in 27-66-4;
         
(2) Withdraw a health insurance product previously offered in the individual market; or
         
(3) Result in the withdrawal from a geographic region.
       

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§ 27-19.2-6. Actions requiring supermajority board approval.

Neither a nonprofit hospital service corporation, nor an affiliate (as defined in 27-19.2-2) 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 least two-thirds percent (66.67%) of the corporation's entire board of directors:

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

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

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