Rhode Island § 27-41-13.1 § 27-41-13.1. Initial net worth and capital requirements.

Rhode Island Statutes

§ 27-41-13.1 — § 27-41-13.1. Initial net worth and capital requirements.

Rhode Island § 27-41-13.1

Title 27Insurance

Ch. 27-41Health Maintenance Organizations

This text of Rhode Island § 27-41-13.1 (§ 27-41-13.1. Initial net worth and capital requirements.) 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 § 27-41-13.1 (2026).

Text

§ 27-41-13.1. Initial net worth and capital requirements.

Before the director issues a certificate of authority in accordance with § 27-41-4 of this act, an applicant seeking to establish or operate a health maintenance organization shall have the greater of:

(1) The amount of capital required for a health organization under chapter 4.7 of this title;

(2) An initial net worth of three million dollars ($3,000,000); or

(3) At the commissioner's discretion, an amount greater than required under subsection

(1)or (2), as indicated by a business

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§ 27-41-13.1. Initial net worth and capital requirements.

Before the director issues a certificate of authority in accordance with § 27-41-4 of this act, an applicant seeking to establish or operate a health maintenance organization shall have the greater of:

(1) The amount of capital required for a health organization under chapter 4.7 of this title;

(2) An initial net worth of three million dollars ($3,000,000); or

(3) At the commissioner's discretion, an amount greater than required under subsection (1) or (2), as indicated by a business plan and a projected risk-based capital calculation after the first full year of operation based on the most current National Association of Insurance Commissioners Health Annual Statements Blank.