§ 45-47-2. Certificate required for payment of claim.
(a) No insurance company shall pay any claim for more than ten thousand dollars ($10,000), as may be adjusted yearly for inflation by the insurance department, for damages arising out of a claim under an insurance policy caused by fire or explosion, without having first obtained from the insured a certificate stating:
(1) That no lien, as defined in § 45-47-1, in favor of the taxing jurisdiction exists, or
(2) The amount of any lien.
(b) The certificate shall be in the form and from the taxing jurisdiction official, as approved and designated by the insurance commissioner pursuant to regulations promulgated under this chapter.
History of Section.P.L. 1982, ch. 251, § 1.
Structure Rhode Island General Laws
Chapter 45-47 - Municipal Liens on Fire Insurance Proceeds
Section 45-47-1. - Lien on insurance proceeds.
Section 45-47-2. - Certificate required for payment of claim.
Section 45-47-3. - Placement of proceeds in escrow account.
Section 45-47-4. - Inclusion of provision in policies.
Section 45-47-5. - Certification in lieu of payment.
Section 45-47-6. - Applicability of chapter.
Section 45-47-7. - Parties to insurance contract.
Section 45-47-8. - Priority of lien.