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

Rhode Island Statutes

§ 27-34-2 — § 27-34-2. Purpose.

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

§ 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.

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