Rhode Island § 27-4-26 § 27-4-26. Interest upon proceeds of life insurance policies.

Rhode Island Statutes

§ 27-4-26 — § 27-4-26. Interest upon proceeds of life insurance policies.

Rhode Island § 27-4-26

Title 27Insurance

Ch. 27-4Life Insurance Policies and Reserves

This text of Rhode Island § 27-4-26 (§ 27-4-26. Interest upon proceeds of life insurance policies.) 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 § 27-4-26 (2026).

Text

§ 27-4-26. Interest upon proceeds of life insurance policies.
An insurer of a life insurance contract or annuity contract shall pay to the beneficiary
            or policyholder, respectively, interest on the proceeds at the rate of nine percent
            (9%) per annum from the date of the death of an insured or annuitant in connection
            with a death claim on a life insurance policy or annuity contract and from the date
            of maturity of an endowment contract to the date of payment and the interest shall
            be added to and be a part of the total sum paid.
         

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§ 27-4-26. Interest upon proceeds of life insurance policies.

An insurer of a life insurance contract or annuity contract shall pay to the beneficiary or policyholder, respectively, interest on the proceeds at the rate of nine percent (9%) per annum from the date of the death of an insured or annuitant in connection with a death claim on a life insurance policy or annuity contract and from the date of maturity of an endowment contract to the date of payment and the interest shall be added to and be a part of the total sum paid.