An insurer that provides an insurance binder is obligated to provide the coverage according to the terms of such binder until the insurer issues the insurance policy or cancels the binder.
R.I. Gen. Laws § 27-9.4-4., under Chapter 27-9.4 Insurance Binders as Evidence of Coverage.
R.I. Gen. Laws § 27-9.4-4.
An insurer that provides an insurance binder is obligated to provide the coverage according to the terms of such binder until the insurer issues the insurance policy or cancels the binder.