Rhode Island General Laws 27-20.1-14. Reserves
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Any corporation organized under this title shall maintain total reserves for dental services, separate and distinct from reserves for other health services, in a dollar amount sufficient to pay claims for dental services and operating expenses for not less than one month. Those reserves shall be computed as of each March 31, June 30, September 30, and December 31, and a report setting forth the computation shall be submitted to the director of the department of business regulation together with the corporation’s Rhode Island quarterly or annual statement to the insurance commissioner of the state of Rhode Island.
History of Section.
P.L. 1995, ch. 264, § 1.
Terms Used In Rhode Island General Laws 27-20.1-14
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.