§ 27-41-15 - Powers of insurers and hospital and medical service corporations.
SECTION 27-41-15
§ 27-41-15 Powers of insurers and hospitaland medical service corporations. – An insurance company licensed in this state may either directly or through asubsidiary or affiliate organize and operate a health maintenance organizationunder the provisions of this chapter. Notwithstanding any other law that may beinconsistent with this section, any two (2) or more state insurance companies,or subsidiaries or affiliates of those companies, may jointly organize andoperate a health maintenance organization. A hospital or medical servicecorporation may own and operate a health maintenance organization. With respectto those corporations, operation of a health maintenance organization shall notbe deemed to be participation in the business of insurance. The business ofinsurance is deemed to include the providing of health care by a healthmaintenance organization owned or operated by an insurer or a subsidiary of aninsurer.