Rhode Island § 19-14.6-1 § 19-14.6-1. Form of agreement.

Rhode Island Statutes

§ 19-14.6-1 — § 19-14.6-1. Form of agreement.

Rhode Island § 19-14.6-1

Title 19Financial institutions

Ch. 19-14.6Insurance Premium Finance Agreements

This text of Rhode Island § 19-14.6-1 (§ 19-14.6-1. Form of agreement.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-14.6-1 (2026).

Text

§ 19-14.6-1. Form of agreement.
(a) Every agreement shall:
         
(1) Be dated and signed by, or on behalf of, the insured, and the printed portion thereof
            shall be in at least eight-point (8) type;
         
(2) Contain the names and place of business of the insurance producer negotiating the
            insurance contract or contracts thereto relating, the name and residence, or place
            of business, of the insured, as specified by the insured, the name and place of business
            of the company to which payments under the agreement are to be made, a brief description
            of the insurance contract

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§ 19-14.6-1. Form of agreement.

(a) Every agreement shall:

(1) Be dated and signed by, or on behalf of, the insured, and the printed portion thereof shall be in at least eight-point (8) type;

(2) Contain the names and place of business of the insurance producer negotiating the insurance contract or contracts thereto relating, the name and residence, or place of business, of the insured, as specified by the insured, the name and place of business of the company to which payments under the agreement are to be made, a brief description of the insurance contract or contracts, and the amount of the premium or premiums therefore; and

(3) Set forth following items where they are applicable:

(i) The total amount of the premium or premiums;

(ii) The amount of the down payment;

(iii) The principal balance, the difference between (i) and (ii);

(iv) The amount of interest to be charged;

(v) The balance payable by the insured, sum of items (iii) and (iv); and

(vi) The number of installments required, the amount of each installment expressed in dollars, and the due date or period thereof.

(b) The items set forth in subdivision (a)(3) need not be stated in the sequence in which they appear in subdivision (a)(3), and additional items may be included to explain computations made in determining the amount to be paid by the insured.