Rhode Island § 27-67-2 § 27-67-2. Findings.

Rhode Island Statutes

§ 27-67-2 — § 27-67-2. Findings.

Rhode Island § 27-67-2

Title 27Insurance

Ch. 27-67The Health Insurance Market Expansion Act

This text of Rhode Island § 27-67-2 (§ 27-67-2. Findings.) 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 § 27-67-2 (2026).

Text

§ 27-67-2. Findings.
The general assembly finds and declares that:
(1) Rhode Island has a proud history of health insurance companies including health insurance
            corporations, health maintenance organizations, nonprofit hospital service corporations,
            and nonprofit medical service corporations doing business in this state;
         
(2) Nationally and regionally, insurance corporations, health maintenance organizations,
            hospital service corporations, and medical service corporations, are being consolidated
            or are departing from some state insurance markets. Rhode Island is one of twelve
           

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§ 27-67-2. Findings.

The general assembly finds and declares that:

(1) Rhode Island has a proud history of health insurance companies including health insurance corporations, health maintenance organizations, nonprofit hospital service corporations, and nonprofit medical service corporations doing business in this state;

(2) Nationally and regionally, insurance corporations, health maintenance organizations, hospital service corporations, and medical service corporations, are being consolidated or are departing from some state insurance markets. Rhode Island is one of twelve (12) states with three (3) or fewer health insurers active in the group insurance market;

(3) One reason cited for the departure of health insurers from the state of Rhode Island is the size of our population. States with larger populations offer a greater opportunity for competition and profit; and

(4) A regional approach to health insurance that joins Rhode Island's health insurance market with those of the other New England states may expand the opportunities for regional insurers to offer insurance in Rhode Island.