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166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-4.2-1. Preamble
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(a) The Rhode Island department of business regulation, the insurance division, recognizes that licensed insurers routinely enter into reinsurance agreements that yield legitimate relief to the ceding insurer from strain to surplus. (b) It is improper for a licensed insurer, in t…
R.I. Gen. Laws § 27-4.2-2. Applicability
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This chapter shall apply to all domestic life and accident and health insurers and to all other licensed life and accident and health insurers that are not subject to a substantially similar regulation in their domiciliary state. This chapter shall also similarly apply to license…
R.I. Gen. Laws § 27-4.2-3. Accounting requirements
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(a) No insurer subject to this chapter shall, for reinsurance ceded, reduce any liability or establish any asset in any financial statement filed with the department if, by the terms of the reinsurance agreement, in substance or effect, any of the following conditions exist: (1) …
R.I. Gen. Laws § 27-4.2-4. Written agreements
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(a) No reinsurance agreement or amendment to any agreement may be used to reduce any liability or to establish any asset in any financial statement filed with the insurance division of the department of business regulation, unless the agreement, amendment, or a binding letter of …
