Rhode Island § 27-20.7-3 § 27-20.7-3. Written agreement.

Rhode Island Statutes

§ 27-20.7-3 — § 27-20.7-3. Written agreement.

Rhode Island § 27-20.7-3

Title 27Insurance

Ch. 27-20.7Third-Party Health Insurance Administrators

This text of Rhode Island § 27-20.7-3 (§ 27-20.7-3. Written agreement.) 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 § 27-20.7-3 (2026).

Text

§ 27-20.7-3. Written agreement.
(a) No administrator shall act as an administrator without a written agreement between
            the administrator and the insurer, and the written agreement shall be retained as
            part of the official records of both the insurer and the administrator for the duration
            of the agreement and for five (5) years after this. The agreement shall contain all
            provisions required by this section, except insofar as those requirements do not apply
            to the functions performed by the administrator.
         
(b) The written agreement shall include a statement of duties that the administrator is
            expec

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§ 27-20.7-3. Written agreement.

(a) No administrator shall act as an administrator without a written agreement between the administrator and the insurer, and the written agreement shall be retained as part of the official records of both the insurer and the administrator for the duration of the agreement and for five (5) years after this. The agreement shall contain all provisions required by this section, except insofar as those requirements do not apply to the functions performed by the administrator.

(b) The written agreement shall include a statement of duties that the administrator is expected to perform on behalf of the insurer and the lines, classes, or types of insurance for which the administrator is to be authorized to administer. The agreement shall make provisions with respect to underwriting or other standards pertaining to the business underwritten by the insurer.

(c) The insurer or administrator may, with written notice, terminate the written agreement for cause as provided in the agreement. The insurer may suspend the underwriting authority of the administrator during the pendency of any dispute regarding the cause for termination of the written agreement. The insurer shall fulfill any lawful obligations with respect to policies affected by the written agreement, regardless of any dispute between the insurer and the administrator.