§ 36-13-7. Financial liability limitations.
The financial liability of the state, city, town, or other political subdivision under a deferred compensation program shall be limited in each instance to the value of the particular fixed or variable life insurance or annuity contract or contracts purchased on behalf of any employee.
History of Section.P.L. 1975, ch. 34, § 1.
Structure Rhode Island General Laws
Title 36 - Public Officers and Employees
Chapter 36-13 - Deferred Compensation Plans
Section 36-13-1. - Deferred compensation plans authorized.
Section 36-13-1.1. - State investment commission.
Section 36-13-2. - Entering into agreements.
Section 36-13-3. - Administration of program.
Section 36-13-4. - “Employee” defined.
Section 36-13-5. - Annuity and insurance contracts.
Section 36-13-6. - Other benefits unaffected.