™Your Policy Risk Impact Agent
166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-77-1. Purpose and scope
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The purpose of this chapter is to provide the requirements for maintaining a risk management framework, and completing an own risk and solvency assessment (ORSA) and provide guidance and instructions for filing an ORSA summary report with the insurance commissioner of this state.…
R.I. Gen. Laws § 27-77-10. Severability clause
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If any provision of this chapter, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions or applications of this chapter which can be given effect without the invalid provision or application, and to that end …
R.I. Gen. Laws § 27-77-2. Definitions
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For purposes of this chapter: (1) “Commissioner” means the director of the department of business regulation or his or her designee. (2) “Insurance group.” For the purpose of conducting an ORSA, the term “insurance group” means those insurers and affiliates included within an ins…
R.I. Gen. Laws § 27-77-3. Risk management framework
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An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a r…
