Rhode Island § 27-34-2 § 27-34-2. Purpose.

Rhode Island Statutes

§ 27-34-2 — § 27-34-2. Purpose.

Rhode Island § 27-34-2

Title 27Insurance

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

This text of Rhode Island § 27-34-2 (§ 27-34-2. Purpose.) 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 § 27-34-2 (2026).

Text

§ 27-34-2. Purpose.
The purpose of this chapter is to provide a mechanism for the payment of covered claims
            under certain insurance policies to avoid excessive delay in payment and to the extent
            provided in this chapter, minimize financial loss to claimants or policyholders because
            of the insolvency of an insurer, and to provide an association to assess the cost
            of such protection among insurers.
         

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§ 27-34-2. Purpose.

The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to the extent provided in this chapter, minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of such protection among insurers.