Rhode Island § 27-14.3-36 § 27-14.3-36. Reinsurer's liability.

Rhode Island Statutes

§ 27-14.3-36 — § 27-14.3-36. Reinsurer's liability.

Rhode Island § 27-14.3-36

Title 27Insurance

Ch. 27-14.3Insurersâ€™ Rehabilitation and Liquidation Act

This text of Rhode Island § 27-14.3-36 (§ 27-14.3-36. Reinsurer's liability.) 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 § 27-14.3-36 (2026).

Text

§ 27-14.3-36. Reinsurer's liability.
The amount recoverable by the liquidator from reinsurance shall not be reduced as
            a result of the delinquency proceedings, regardless of any provision in the reinsurance
            contract or other agreement. Payment made directly to an insured or other creditor
            shall not diminish the reinsurer's obligation to the insurer's estate except when
            the reinsurance contract provided for direct coverage of a named insured and the payment
            was made in discharge of that obligation.
         

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§ 27-14.3-36. Reinsurer's liability.

The amount recoverable by the liquidator from reinsurance shall not be reduced as a result of the delinquency proceedings, regardless of any provision in the reinsurance contract or other agreement. Payment made directly to an insured or other creditor shall not diminish the reinsurer's obligation to the insurer's estate except when the reinsurance contract provided for direct coverage of a named insured and the payment was made in discharge of that obligation.