Rhode Island § 27-2.6-10 § 27-2.6-10. Liquidation, dissolution, or insolvency.

Rhode Island Statutes

§ 27-2.6-10 — § 27-2.6-10. Liquidation, dissolution, or insolvency.

Rhode Island § 27-2.6-10

Title 27Insurance

Ch. 27-2.6Rhode Island Title Insurers Act

This text of Rhode Island § 27-2.6-10 (§ 27-2.6-10. Liquidation, dissolution, or insolvency.) 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 § 27-2.6-10 (2026).

Text

§ 27-2.6-10. Liquidation, dissolution, or insolvency.
(a) Chapter 14.3 of this title shall apply to all title insurers subject to the Title
            Insurance Act, except as otherwise provided in this section. In applying the provisions
            of chapter 14.3 of this title, the court shall consider the unique aspects of title
            insurance and shall have broad authority to fashion relief that provides for the maximum
            protection of the title insurance policyholders.
         
(b) Security and escrow funds held by or on behalf of the title insurer shall not become
            general assets and shall be administered as secured creditor claims defined

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§ 27-2.6-10. Liquidation, dissolution, or insolvency.

(a) Chapter 14.3 of this title shall apply to all title insurers subject to the Title Insurance Act, except as otherwise provided in this section. In applying the provisions of chapter 14.3 of this title, the court shall consider the unique aspects of title insurance and shall have broad authority to fashion relief that provides for the maximum protection of the title insurance policyholders.

(b) Security and escrow funds held by or on behalf of the title insurer shall not become general assets and shall be administered as secured creditor claims defined in chapter 14.3 of this title.

(c) Title insurance policies that are in force at the time an order of liquidation is entered shall not be canceled except upon a showing to the court of good cause by the liquidator. The determination of good cause shall be within the discretion of the court. In making this determination, the court shall consider the unique aspects of title insurance and all other relevant circumstances.

(d) The court may set appropriate dates that potential claimants must file their claims with the liquidator. The court may set different dates for claims based upon the title insurance policy than for all other claims. In setting dates, the court shall consider the unique aspects of title insurance and all other relevant circumstances.

(e) As of the date of the order of insolvency or liquidation, all premiums paid, due, or to become due under policies of the title insurers, shall be fully earned. It shall be the obligation of agents, insureds, or representatives of the title insurer to pay fully earned premium to the liquidator or rehabilitator.