Chapter
613
2006 -- S 2602 SUBSTITUTE A
Enacted 07/14/06
A N A
C T
RELATING TO STATE
AFFAIRS AND GOVERNMENT -- DEPARTMENT OF BUSINESS REGULATION
Introduced By: Senators
Roberts, and Perry
Date Introduced: February
09, 2006
It is
enacted by the General Assembly as follows:
SECTION
1. Section 42-14-5 of the General Laws in Chapter 42-14 entitled
"Department
of
Business Regulation" is hereby amended to read as follows:
42-14-5.
Administrator of banking and insurance. [Contingent effective date; see
notes.]
-- (a) The director of business
regulation shall, in addition to his or her regular duties, act
as
administrator of banking and insurance and shall administer the functions of
the department
relating
to the regulation and control of banking and insurance, foreign surety
companies, sale of
securities,
building and loan associations, and fraternal benefit and beneficiary
societies.
(b) Wherever the words "banking administrator" or "insurance
administrator" occur in
this
chapter or any general law, public law, act, or resolution of the general
assembly or
department
regulation, they shall be construed to mean banking commissioner and insurance
commissioner
except as delineated in subsection (d) below.
(c) "Health insurance" shall mean "health insurance
coverage," as defined in sections 27-
18.5-2
and 27-18.6-2, "health benefit plan," as defined in section 27-50-3
and a "medical
supplement
policy," as defined in section 27-18.2-1 or coverage similar to a Medicare
supplement
policy
that is issued to an employer to cover retirees, and dental coverage,
including, but not
limited
to, coverage provided by a nonprofit dental service plan as defined in
subsection 27-20.1-
1(3).
(d) Whenever the words "commissioner," "insurance
commissioner", "Health insurance
commissioner"
or "director" appear in Title 27 or Title 42, those words shall be
construed to
mean the
health insurance commissioner established pursuant to section 42-14.5-1 with
respect to
all
matters relating to health insurance. The health insurance commissioner shall
have sole and
exclusive
jurisdiction over enforcement of those statutes with respect to all matters
relating to
health
insurance.
SECTION
2. This act shall take effect upon passage.
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LC01940/SUB A
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