§ 27-34-2. Purpose.
The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to the extent provided in this chapter, minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of such protection among insurers.
History of Section.P.L. 1988, ch. 407, § 2; P.L. 2010, ch. 91, § 1; P.L. 2010, ch. 117, § 1.
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.