230 R.I. Code R. 230-RICR-20-10-1.5 - Medical Malpractice Insurance Minimum Limits

A. All healthcare facilities and active medical or dental professionals shall carry medical malpractice insurance coverage with minimum limits of one million dollars ($1,000,000) for claims arising out of the same professional service and three million dollars ($3,000,000) in the aggregate. Medical or dental professionals may also satisfy this requirement by securing indemnification coverage under a program established in compliance with R.I. Gen. Laws § 27-16-2.6 or from a self-insured entity approved by the Department pursuant to § 1.7 of this Part.

B. To qualify under this section the insurance policy must be issued by an insurer licensed to write medical malpractice insurance in Rhode Island or by a surplus lines insurer or by a self-insurer authorized by the Department pursuant to § 1.7 of this Part or the coverage may be provided by an indemnification agreement under a program established in compliance with R.I. Gen. Laws § 27-16-2.6.

C. Any licensed medical or dental professional may comply with this Part by inclusion under a policy of insurance issued to such medical or dental professional's employer or affiliate. In addition, any licensed medical or dental professional employed by a physician's practice affiliated with a teaching hospital may comply with this Part by inclusion under an indemnification agreement issued by such teaching hospital under a program established in compliance with R.I. Gen. Laws § 27-16-2.6.

D. All medical malpractice insurance policies shall cover the legal liability of the insured for loss, damage, or expense incident to claims of bodily injury or death arising out of malpractice, professional error, or mistake.

E. Rates for all medical malpractice insurance shall not be excessive, inadequate or unfairly discriminatory and shall be actuarially justified.

Notes

230 R.I. Code R. 230-RICR-20-10-1.5