Rhode Island § 27-18-18 § 27-18-18. Acceptance of premiums after effective period of policy.

Rhode Island Statutes

§ 27-18-18 — § 27-18-18. Acceptance of premiums after effective period of policy.

Rhode Island § 27-18-18

Title 27Insurance

Ch. 27-18Accident and Sickness Insurance Policies

This text of Rhode Island § 27-18-18 (§ 27-18-18. Acceptance of premiums after effective period of policy.) 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 § 27-18-18 (2026).

Text

§ 27-18-18. Acceptance of premiums after effective period of policy.
If a policy contains a provision establishing, as an age limit or otherwise, a date
            after which the coverage provided by the policy will not be effective, and if the
            date falls within a period for which a premium is accepted by the insurer or if the
            insurer accepts a premium after the date, the coverage provided by the policy will
            continue in force subject to any right of cancellation until the end of the period
            for which the premium has been accepted. In the event the age of the insured has been
            misstated and if, according to the correct age of the insured, the coverage provided
 

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§ 27-18-18. Acceptance of premiums after effective period of policy.

If a policy contains a provision establishing, as an age limit or otherwise, a date after which the coverage provided by the policy will not be effective, and if the date falls within a period for which a premium is accepted by the insurer or if the insurer accepts a premium after the date, the coverage provided by the policy will continue in force subject to any right of cancellation until the end of the period for which the premium has been accepted. In the event the age of the insured has been misstated and if, according to the correct age of the insured, the coverage provided by the policy would not have become effective, or would have ceased prior to the acceptance of the premium or premiums, then the liability of the insurer shall be limited to the refund, upon request, of all premiums paid for the period not covered by the policy.