§ 27-30-11. Existing insurance — Choice of insurer.
When consumer credit insurance is required as additional security for any indebtedness the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.
History of Section.P.L. 1959, ch. 91, § 11; P.L. 2009, ch. 292, § 3; P.L. 2009, ch. 293, § 3; P.L. 2010, ch. 239, § 3.
Structure Rhode Island General Laws
Chapter 27-30 - Consumer Credit Insurance
Section 27-30-2. - Scope and definitions.
Section 27-30-3. - Types of consumer credit insurance.
Section 27-30-4. - Amount of consumer credit insurance.
Section 27-30-5. - Term of consumer credit insurance.
Section 27-30-6. - Disclosure to debtors and provisions of policies and certificates of insurance.
Section 27-30-7. - Filing, approval, and withdrawal of forms.
Section 27-30-8. - Premiums and refunds.
Section 27-30-9. - Issuance of policies.
Section 27-30-11. - Existing insurance — Choice of insurer.
Section 27-30-12. - Enforcement.
Section 27-30-13. - Judicial review.
Section 27-30-14. - Penalties.
Section 27-30-15. - Severability.