Rhode Island § 27-14.4-3 § 27-14.4-3. Director as domiciliary receiver.

Rhode Island Statutes

§ 27-14.4-3 — § 27-14.4-3. Director as domiciliary receiver.

Rhode Island § 27-14.4-3

Title 27Insurance

Ch. 27-14.4Uniform Insurers Liquidation Act

This text of Rhode Island § 27-14.4-3 (§ 27-14.4-3. Director as domiciliary receiver.) 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 § 27-14.4-3 (2026).

Text

§ 27-14.4-3. Director as domiciliary receiver.
Whenever under this title, including § 27-1-14, a receiver is to be appointed upon the commencement of delinquency proceedings for
            an insurer domiciled in this state, the superior court shall appoint the director
            of business regulation as the receiver. The court shall direct the receiver to immediately
            take possession of the assets of the insurer and to administer them under the orders
            of the court. The receiver may, subject to the discretion of the court, continue to
            be the receiver for the duration of the receivership proceedings and shall have all
            of the powers and duties conferred upon the receivers

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§ 27-14.4-3. Director as domiciliary receiver.

Whenever under this title, including § 27-1-14, a receiver is to be appointed upon the commencement of delinquency proceedings for an insurer domiciled in this state, the superior court shall appoint the director of business regulation as the receiver. The court shall direct the receiver to immediately take possession of the assets of the insurer and to administer them under the orders of the court. The receiver may, subject to the discretion of the court, continue to be the receiver for the duration of the receivership proceedings and shall have all of the powers and duties conferred upon the receivers by law including the powers and duties set forth in chapter 1 of this title.