Rhode Island § 27-34-10.5 § 27-34-10.5. Coordination among guaranty associations.

Rhode Island Statutes

§ 27-34-10.5 — § 27-34-10.5. Coordination among guaranty associations.

Rhode Island § 27-34-10.5

Title 27Insurance

Ch. 27-34Rhode Island Property and Casualty Insurance Guaranty Association

This text of Rhode Island § 27-34-10.5 (§ 27-34-10.5. Coordination among guaranty associations.) 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 § 27-34-10.5 (2026).

Text

§ 27-34-10.5. Coordination among guaranty associations.
(a) The association may join one or more organizations of other state associations of
            similar purposes, to further the purposes and administer the powers and duties of
            the association. The association may designate one or more of these organizations
            to act as a liaison for the association and, to the extent the association authorizes,
            to bind the association in agreements or settlements with receivers of insolvent insurance
            companies or their designated representatives.
         
(b) The association, in cooperation with other obligated or potentially obligated g

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§ 27-34-10.5. Coordination among guaranty associations.

(a) The association may join one or more organizations of other state associations of similar purposes, to further the purposes and administer the powers and duties of the association. The association may designate one or more of these organizations to act as a liaison for the association and, to the extent the association authorizes, to bind the association in agreements or settlements with receivers of insolvent insurance companies or their designated representatives.

(b) The association, in cooperation with other obligated or potentially obligated guaranty associations, or their designated representatives, shall make all reasonable efforts to coordinate and cooperate with receivers, or their designated representatives, in the most efficient and uniform manner, including the use of uniform data standards as promulgated or approved by the National Association of Insurance Commissioners.