Rhode Island § 27-35-10 § 27-35-10. Receivership.

Rhode Island Statutes

§ 27-35-10 — § 27-35-10. Receivership.

Rhode Island § 27-35-10

Title 27Insurance

Ch. 27-35Insurance Holding Company Systems

This text of Rhode Island § 27-35-10 (§ 27-35-10. Receivership.) 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 § 27-35-10 (2026).

Text

§ 27-35-10. Receivership.
Whenever it appears to the commissioner that any person has committed a violation
            of this chapter which impairs the financial condition of a domestic insurer as to
            threaten insolvency or make the further transaction of business by it hazardous to
            its policyholders, creditors, shareholders, or the public, then the commissioner may
            proceed as provided in chapter 14.3 of this title to take possession of the property
            of the domestic insurer and to conduct its business.
         

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§ 27-35-10. Receivership.

Whenever it appears to the commissioner that any person has committed a violation of this chapter which impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the commissioner may proceed as provided in chapter 14.3 of this title to take possession of the property of the domestic insurer and to conduct its business.