Rhode Island General Laws 42-7.4-5. Set-off for delinquent payment
If an insurer required to make the contribution pursuant to this chapter shall fail to pay a contribution within thirty (30) days of its due date, the secretary may request any agency of state government making payments to the insurer to set-off the amount of the delinquency against any payment or amount due the insurer from the agency of state government and remit the sum to the secretary. Upon receipt of the setoff request from the secretary, any agency of state government is authorized and empowered to set-off the amount of the delinquency against any payment or amounts due the insurer. The amount of set-off shall be credited against the contribution due from the insurer.
History of Section.
P.L. 2014, ch. 145, art. 16, § 4.
Terms Used In Rhode Island General Laws 42-7.4-5
- Insurer: means all persons offering, administering, and/or insuring healthcare services, including, but not limited to:
(A) Policies of accident and sickness insurance, as defined by chapter 18 of Title 27:
(B) Nonprofit hospital or medical-service plans, as defined by chapters 19 and 20 of title 27;
(C) Any person whose primary function is to provide diagnostic, therapeutic, or preventive services to a defined population on the basis of a periodic premium;
(D) All domestic, foreign, or alien insurance companies, mutual associations, and organizations;
(E) Health maintenance organizations, as defined by chapter 41 of Title 27;
(F) All persons providing health benefits coverage on a self-insurance basis;
(G) All third-party administrators described in Rhode Island General Laws 42-7.4-2
- Secretary: means the secretary of health and human services. See Rhode Island General Laws 42-7.4-2