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166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-9.4-1. Short title
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This chapter shall be known and may be cited as the “Model Act Regarding Use of Property and Casualty Insurance Binders as Evidence of Coverage.”
R.I. Gen. Laws § 27-9.4-2. Purpose
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This chapter requires that property and casualty insurance binders obligate coverage until a policy is issued or cancelled.
R.I. Gen. Laws § 27-9.4-3. Definitions
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As used in this chapter: (1) “Insurance binder” means a written temporary contract of insurance authorized by an insurer issued prior to the insurance policy that includes: (i) The name and address of the insured and any additional named insureds, mortgagees, or lienholders; (ii)…
R.I. Gen. Laws § 27-9.4-4. Insurer obligations
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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 § 27-9.4-5. Penalties
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Any person or entity who violates this chapter may be subject to action pursuant to § 42-14-16.
