Section 220-RICR-90-00-2.7 - Duties of the AdministratorA. The program shall be administered by the Director. As administrator of the program, the Director may:1. Conduct an audit of the information submitted under § 2.4 of this Part.2. Notify reinsurance eligible issuers of the results of the calculation described in § 2.6 of this Part, including any modifications of the coinsurance rate.3. Issue reinsurance payments to each reinsurance eligible issuer in accordance with § 2.6 of this Part.4. Assign the functions vested in him or her by the Rhode Island Market Stability and Reinsurance Act and these regulations to subordinate officers and employees as he or she deems necessary. The assignee shall have the same power and authority that would be afforded the Director.5. Contract with other state agencies and third parties as he or she deems necessary.6. Use, access, store, and disclose the information submitted to the program under § 2.4 of this Part, including disclosing the information to the Office of the Health Insurance Commissioner for the purposes of ensuring the efficient administration of the program and to reduce the reporting burden on issuers.7. Perform other functions he or she deems reasonably necessary to administer the program.220 R.I. Code R. 220-RICR-90-00-2.7
Adopted effective 12/4/2019