Rhode Island § 27-14.4-4 § 27-14.4-4. Title vested in domiciliary receiver — Official bond.

Rhode Island Statutes

§ 27-14.4-4 — § 27-14.4-4. Title vested in domiciliary receiver — Official bond.

Rhode Island § 27-14.4-4

Title 27Insurance

Ch. 27-14.4Uniform Insurers Liquidation Act

This text of Rhode Island § 27-14.4-4 (§ 27-14.4-4. Title vested in domiciliary receiver — Official bond.) 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 § 27-14.4-4 (2026).

Text

§ 27-14.4-4. Title vested in domiciliary receiver — Official bond.
The domiciliary receiver and his or her successors shall be vested by operation of
            law with the title to all of the property, contracts, and rights of action, and all
            of the books and records, of the insurer wherever located, as of the date of entry
            of the order directing possession to be taken, and the receiver shall have the right
            to recover that property and reduce it to possession; except that ancillary receivers
            in reciprocal states shall have, as to assets located in their respective states,
            the rights and powers which are prescribed in this chapter for ancillary receivers
    

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§ 27-14.4-4. Title vested in domiciliary receiver — Official bond.

The domiciliary receiver and his or her successors shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books and records, of the insurer wherever located, as of the date of entry of the order directing possession to be taken, and the receiver shall have the right to recover that property and reduce it to possession; except that ancillary receivers in reciprocal states shall have, as to assets located in their respective states, the rights and powers which are prescribed in this chapter for ancillary receivers appointed in this state as to assets located in this state. The filing or recording of the order directing possession to be taken, or a certified copy of it, in the office where instruments affecting title to property are required to be filed or recorded shall impart the same notice as would be imparted by a deed, bill of sale, or other evidence of title duly filed or recorded. The domiciliary receiver shall be responsible on his or her official bond for the proper administration of all assets coming into his or her possession or control. The court may at any time require an additional bond from the receiver or his or her deputies if deemed desirable for the protection of the assets.