If you are engaged in the operation of a Discount Medical Program Organization in the State of Rhode Island, you are required by the State’s Health Insurance Commission to execute a Rhode Island Discount Medical Program Organization Bond in the amount of $50,000 to ensure compliance with House Bill 2010-H7606A.
Bonds Express offers a Rhode Island Discount Medical Program Organization Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Rhode Island Discount Medical Program Organization Bond holds you accountable for your business decisions.
By possessing a Rhode Island Discount Medical Program Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.