# R.I. Gen. Laws § 27-19-2.1: Investments and holdings in certain corporations authorized

> Rhode Island · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-2.1

## Section

- **Citation:** R.I. Gen. Laws § 27-19-2.1
- **Heading:** Investments and holdings in certain corporations authorized
- **Jurisdiction:** Rhode Island
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** RI Code / Title 27 / Chapter 27-19 / Section 27-19-2.1

## Text

(a) Each nonprofit hospital service corporation shall have, in addition to all other powers granted under this chapter and the laws of this state, the power to invest in or cause to be organized and established one or more corporations, all or any portion of the issued and outstanding capital stock of which shall be subscribed for or held by the nonprofit hospital service corporation.

(b) As used in this section, €œcorporation€ means any organization incorporated under the provisions of the law of this or another state for one or more of the following purposes:

(1) To establish, maintain, and operate hospital service and health insurance plans;

(2) To develop, establish, purchase, maintain, perform, sell, and lease in connection with carrying out its corporate purpose: (i) Data processing and computer software programs, systems, and techniques; (ii) Data processing, bookkeeping, statistical, or software services; or (iii) Other administrative and related services; or

(3) To exercise the powers set forth in § 27-19-5 or to carry out and fulfill any of the purposes of a hospital service corporation incorporated under this chapter.

(c) Any limitation on investments or holdings contained in § 27-19-11 or § 27-19-5.3 or any other law shall not apply with respect to investments or holdings under this section; provided, that the value of any investment shall not exceed twenty percent (20%) of the assets of the hospital service corporation.

## Nearby sections

- [R.I. Gen. Laws § 27-19-1 § 27-19-1. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-1.md)
- [R.I. Gen. Laws § 27-19-2 § 27-19-2. Organization as charitable corporation €” Insurance laws inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-2.md)
- [R.I. Gen. Laws § 27-19-2.1 § 27-19-2.1. Investments and holdings in certain corporations authorized.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-2.1.md)
- [R.I. Gen. Laws § 27-19-4 § 27-19-4. Certificate of public convenience and advantage.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-4.md)
- [R.I. Gen. Laws § 27-19-5 § 27-19-5. Contracts with subscribers, hospitals, and other eligible entities.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-5.md)
- [R.I. Gen. Laws § 27-19-5.1 § 27-19-5.1. Cancellation of coverage by employers.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-5.1.md)
- [R.I. Gen. Laws § 27-19-5.2 § 27-19-5.2. Patient responsibility €” Administrative requirements.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-5.2.md)
- [R.I. Gen. Laws § 27-19-5.3 § 27-19-5.3. Additional powers.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-5.3.md)
- [R.I. Gen. Laws § 27-19-6 § 27-19-6. Rates charged subscribers.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-6.md)
- [R.I. Gen. Laws § 27-19-7 § 27-19-7. Rates charged by hospitals.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-7.md)
- [R.I. Gen. Laws § 27-19-7.1 § 27-19-7.1. Uniform explanation of benefits and coverage.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-7.1.md)
- [R.I. Gen. Laws § 27-19-7.2 § 27-19-7.2. Filing of policy forms.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-7.2.md)
- [R.I. Gen. Laws § 27-19-8 § 27-19-8. Annual and quarterly statements.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-8.md)
- [R.I. Gen. Laws § 27-19-9 § 27-19-9. Examination of affairs of corporations.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-9.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-19_S27-19-2.1. Check the current official text before relying on it. Not legal advice.