Rhode Island H8401 enhances oversight and regulation of medical malpractice insurance for self-insured entities.

Rhode Island H8401 strengthens the oversight and regulation of medical malpractice insurance among self-insured entities by the Department of Business Regulation. The bill mandates annual renewal of self-insurance permissions and requires hospitals to publicly disclose details about their self-insured status. It also stipulates that all forms of medical malpractice coverage, including insurance policies, self-insurance programs, and captive insurance arrangements, must be approved by the Department of Business Regulation.

Rhode Island H8401 enhances oversight and regulation of medical malpractice insurance for self-insured entities.

Rhode Island H8401 strengthens the oversight and regulation of medical malpractice insurance among self-insured entities by the Department of Business Regulation. The bill mandates annual renewal of self-insurance permissions and requires hospitals to publicly disclose details about their self-insured status. It also stipulates that all forms of medical malpractice coverage, including insurance policies, self-insurance programs, and captive insurance arrangements, must be approved by the Department of Business Regulation.