§ 27-34-10.5. Coordination among guaranty associations.
(a) The association may join one or more organizations of other state associations of similar purposes, to further the purposes and administer the powers and duties of the association. The association may designate one or more of these organizations to act as a liaison for the association and, to the extent the association authorizes, to bind the association in agreements or settlements with receivers of insolvent insurance companies or their designated representatives.
(b) The association, in cooperation with other obligated or potentially obligated guaranty associations, or their designated representatives, shall make all reasonable efforts to coordinate and cooperate with receivers, or their designated representatives, in the most efficient and uniform manner, including the use of uniform data standards as promulgated or approved by the national association of insurance commissioners.
History of Section.P.L. 2010, ch. 91, § 3; P.L. 2010, ch. 117, § 3.
Structure Rhode Island General Laws
Chapter 27-34 - Rhode Island Property and Casualty Insurance Guaranty Association
Section 27-34-1. - Short title.
Section 27-34-4. - Construction.
Section 27-34-5. - Definitions.
Section 27-34-6. - Creation of the association.
Section 27-34-7. - Board of directors.
Section 27-34-8. - Powers and duties of the association.
Section 27-34-9. - Plan of operation.
Section 27-34-10. - Duties and powers of the commissioner.
Section 27-34-10.5. - Coordination among guaranty associations.
Section 27-34-11. - Effect of paid claims.
Section 27-34-11.5. - Net worth exclusion.
Section 27-34-12. - Exhaustion of other coverage.
Section 27-34-12.5. - Prevention of insolvencies.
Section 27-34-14. - Tax exemption.
Section 27-34-15. - Recoupment of assessments.
Section 27-34-17. - Stay of proceedings.
Section 27-34-19. - Prohibition against advertising of membership in association.