This chapter may be known and cited as "the Comprehensive Health Insurance Risk Pool Association Act."

§3902.__Purpose

It is the purpose of this chapter to establish a mechanism to distribute among all insurers doing business in this State the costs of providing health and accident insurance coverage to those residents of this State who because of health conditions consume unusually large amounts of health care and to ensure a competitive insurance market.

§3903.__Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1. Association. "Association" means the Comprehensive Health Insurance Risk Pool Association established in section 3904.

2.__Board. "Board" means the board of directors of the association.

3.__Covered person.__"Covered person" means an individual resident of this State, exclusive of dependents, who:

A. Is eligible to receive benefits from an insurer;

B.__Is eligible for benefits under the federal Health Insurance Portability and Accountability Act of 1996; or

C.__Has been certified as eligible for federal trade adjustment assistance or for pension benefit guarantee corporation assistance, as provided by the federal Trade Adjustment Assistance Reform Act of 2002.

4.__Dependent.__"Dependent" means a resident spouse or resident unmarried child under 19 years of age, a child who is a student under 23 years of age and who is financially dependent upon the parent or a child of any age who is disabled and dependent upon the parent.

5.__Health maintenance organization.__"Health maintenance organization" means an organization authorized under chapter 56 to operate a health maintenance organization in this State.

6.__Insurer.__"Insurer" means an entity that is authorized