§ 27-34.3-20. Prospective application.
This chapter shall not apply to any insurer that is insolvent or unable to fulfill its contractual obligations prior to January 1, 1996, and any such insurer shall be subject to the provisions under chapter 34.1 of this title. Nothing in this chapter shall be construed to require an insurer to recompute its assessment bases for any year prior to January 1, 2005, and any assessment bases computed between January 1, 1966 and December 31, 2004 are hereby acknowledged and recognized as factual on the basis of premium date collected from or reported by member insurers with respect to those years.
History of Section.P.L. 1995, ch. 114, § 1; P.L. 2004, ch. 39, § 1; P.L. 2004, ch. 44, § 1.
Structure Rhode Island General Laws
Chapter 27-34.3 - Rhode Island Life and Health Insurance Guaranty Association Act
Section 27-34.3-1. - Short title.
Section 27-34.3-3. - Coverage and limitations.
Section 27-34.3-4. - Construction.
Section 27-34.3-5. - Definitions.
Section 27-34.3-6. - Creation of the association.
Section 27-34.3-7. - Board of directors.
Section 27-34.3-8. - Powers and duties of the association.
Section 27-34.3-9. - Assessments.
Section 27-34.3-10. - Plan of operation.
Section 27-34.3-11. - Duties and powers of the commissioner.
Section 27-34.3-12. - Prevention of insolvencies.
Section 27-34.3-13. - Credits for assessments paid (tax offsets).
Section 27-34.3-14. - Miscellaneous provisions.
Section 27-34.3-15. - Examination of the association — Annual report.
Section 27-34.3-16. - Tax exemptions.
Section 27-34.3-17. - Immunity.
Section 27-34.3-18. - Stay of proceedings — Reopening default judgments.