{"data":{"id":"us-ri/r.i.-gen.-laws-27-41-13.1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 27-41-13.1","heading":"Initial net worth and capital requirements.","body":"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:\n(1) The amount of capital required for a health organization under chapter 4.7 of this title;\n(2) An initial net worth of three million dollars ($3,000,000); or\n(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.","path":["Title 27 Insurance","Chapter 41 Health Maintenance Organizations"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE27/27-41/27-41-13.1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:57:40Z","sha256":"0e2a5c837f1149316b2827125e5e413ab3f46539744f86ef2dc1bb2bcc80a692","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-27-41-13","next":"us-ri/r.i.-gen.-laws-27-41-13.2"},"notice":"GroundRules: Original legal text. Not legal advice."}