§ 27-19-2 - Organization as charitable corporation – Insurance laws inapplicable.
SECTION 27-19-2
§ 27-19-2 Organization as charitablecorporation – Insurance laws inapplicable. – Each nonprofit hospital service corporation shall be incorporated as acharitable corporation under the provisions of chapter 6 of title 7, and shallbe subject to that chapter and to this chapter. The laws of this state relativeto insurance companies or to the business insurance shall not apply to anynonprofit hospital service corporation unless expressly provided in those laws.Each nonprofit hospital service corporation shall be deemed to be an insurer,for the purposes of compliance with chapter 44-17.