(a) This chapter shall be known and may be cited as the “Rhode Island Market Stability and Reinsurance Act.”
(b) The purpose of this chapter is to authorize the director to create the Rhode Island reinsurance program to stabilize health insurance rates and premiums in the individual market and provide greater financial certainty to consumers of health insurance in this state.
(c) [Deleted by P.L. 2019, ch. 88, art. 11, § 4.]
(d) No general revenue funding shall be used for reinsurance payments.