R.I. Gen. Laws § 27-19.2-6

Current through 2024 Public Law 457

Section 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(a) ) 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(3);

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

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

R.I. Gen. Laws § 27-19.2-6

P.L. 2004, ch. 330, § 2; P.L. 2004, ch. 567, § 2; P.L. 2008, ch. 475, § 84.