™Your Policy Risk Impact Agent
113 chapters · 1,575 sections in this title.
R.I. Gen. Laws § 45-47-1. Lien on insurance proceeds
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There is created a lien in favor of any taking jurisdiction in this state on the proceeds of any insurance policy based upon a claim made for damage or loss to a building or other structure caused by or arising out of any fire or explosion. The lien arises upon any unpaid tax, sp…
R.I. Gen. Laws § 45-47-10. Insurance commissioner — Regulations
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The insurance commissioner is authorized to issue regulations that are necessary or desirable to implement this chapter, including, but not limited, to the name, address, and telephone number of a designated official for each taxing jurisdiction from whom certifications may be ob…
R.I. Gen. Laws § 45-47-2. Certificate required for payment of claim
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(a) No insurance company shall pay any claim for more than ten thousand dollars ($10,000), as may be adjusted yearly for inflation by the insurance department, for damages arising out of a claim under an insurance policy caused by fire or explosion, without having first obtained …
R.I. Gen. Laws § 45-47-3. Placement of proceeds in escrow account
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Upon certification by the designated taxing jurisdiction official that a lien has arisen, or upon the failure of the insured to obtain a certificate within thirty (30) days of the filing of the insured’s proof of loss, the loss proceeds of the policy equal to the amount of the li…
