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Section 42-62-12. – Minimum standards.

§ 42-62-12. Minimum standards. (a) It is the duty of all corporations or other legal entities providing for payment for health services under any contract entered into with an employer, person, state, or a political subdivision of the state, pursuant to the requirements of this chapter, to comply with minimum standards established by regulations promulgated […]

Section 42-62-13. – Rates charged. [Effective until January 1, 2023.]

§ 42-62-13. Rates charged. [Effective until January 1, 2023.] (a) The rates proposed to be charged or a rating formula proposed to be used by any insurer or health maintenance organization under this section to employers, the state or any political subdivision of the state, or individuals, shall be filed by the insurer or health […]

Section 42-62-13.1. – Insurer’s assessment.

§ 42-62-13.1. Insurer’s assessment. (a) Notwithstanding any other provisions of law, each domestic nonprofit insurer shall be charged an assessment to partially support the activities of the division of insurance in the department of business regulation. (b) Commencing in fiscal year 1990-1991, each domestic insurer’s assessment shall be determined in accordance with the following ratio: […]

Section 42-62-15. – Facility reinsurance pool.

§ 42-62-15. Facility reinsurance pool. (a) To be eligible to offer plans meeting minimum standards, insurers which are for profit entities or self insurers may enter an agreement to form a facility reinsurance pool within which losses are shared among the insurers on an annual basis in proportion to the number of persons insured pursuant […]