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166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-80-1. Short title
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This chapter shall be known and may be cited as the “Unclaimed Life Insurance Benefits Act.”
R.I. Gen. Laws § 27-80-2. Purpose
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By enacting this chapter, it is the intent of the general assembly to require the complete and proper disclosure, transparency, and accountability relating to any method of payment for life insurance death benefits regulated by the state.
R.I. Gen. Laws § 27-80-3. Definitions
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As used in this chapter: (1) “Contract” means an annuity contract. The term “contract” shall not include an annuity used to fund an employment-based retirement plan or program where the insurer is not committed by terms of the annuity contract to pay death benefits to the benefic…
R.I. Gen. Laws § 27-80-4. Insurer conduct
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(a)(1) An insurer shall perform a comparison of its insureds’ in-force life insurance policies and retained asset accounts issued for delivery in this state against a death master file, on at least a semi-annual basis, to identify potential matches of its insureds. After the init…
