Rhode Island General Laws > Chapter 40.1-24.6 – Self-Insurance of Developmental Disability Agencies


§ 40.1-24.6-1	Definitions
§ 40.1-24.6-2	Purpose
§ 40.1-24.6-3	Authorization to self-insure
§ 40.1-24.6-4	Obligations of participating entities
§ 40.1-24.6-5	Establishment of fund
§ 40.1-24.6-6	Payment to and from fund
§ 40.1-24.6-7	Stop-loss coverage

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Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Contract: A legal written agreement that becomes binding when signed.
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.
Developmental disability agency: means any organization that has been established and licensed by the department of behavioral healthcare, developmental disabilities and hospitals for the purpose of providing either employment, vocational supports, residential and/or day-support services for adults with developmental disabilities in Rhode Island. See Rhode Island General Laws 40.1-24.6-1
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Qualified third-party administrator: means an entity with at least five (5) years of experience creating and operating health-benefit plans that maintain sufficiently capitalized self-insurance funds of similar characteristics of the fund being authorized in accordance with this chapter. See Rhode Island General Laws 40.1-24.6-1