™Your Policy Risk Impact Agent
166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-8.2-1. Purpose and intent
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This chapter shall be known as the “Stop-Loss Insurance Act.” The purpose of this chapter is to establish criteria for the issuance of stop-loss insurance policies. Nothing in this chapter shall be construed as imposing any requirement or duty on any person other than an insurer,…
R.I. Gen. Laws § 27-8.2-2. Definitions
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(a) “Actuarial certification” means a written statement by a member of the American Academy of Actuaries, or other individual acceptable to the commissioner, that an insurer is in compliance with the provisions of this chapter. The written statement shall be based upon the indivi…
R.I. Gen. Laws § 27-8.2-3. Stop-loss insurance coverage standards
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(a) An insurer shall not issue a stop-loss insurance policy that: (1) Has an annual attachment point for claims incurred per individual that is lower than twenty thousand dollars ($20,000); (2) Has an annual aggregate attachment point that is lower than one hundred twenty percent…
R.I. Gen. Laws § 27-8.2-4. Actuarial certification
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An insurer shall file with the commissioner annually on or before March 15, an actuarial certification certifying that the insurer is in compliance with this chapter. The certification shall be in a form and manner, and shall contain information, specified by the commissioner. A …
