§ 27-41-34 - Health maintenance organizations' assessment.
SECTION 27-41-34
§ 27-41-34 Health maintenanceorganizations' assessment. – (a) Notwithstanding any other provisions of law, each domestic HMO shall becharged an assessment to partially support the activities of the division ofinsurance in the department of business regulation.
(b) Each domestic HMO assessment shall be determined inaccordance with the following ratio: (1) by dividing the HMO total directpremiums by the total direct premiums, including annuities, less policyholderdividends of all domestic insurance companies plus the total direct premiums ofdomestic companies licensed or regulated pursuant to chapters 19, 20, 20.1,20.2, 20.3, 25, and 41 of this title, and chapter 62 of title 42; (2) and thenby multiplying the resulting ratio times two hundred thousand dollars($200,000).
(c) The minimum assessment charged shall be the greater ofthe sum determined by subsection (b) of this section or one thousand dollars($1,000).