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·Title 27 Insurance·Ch. 27-4 Life Insurance Policies and Reserves

§ 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.

Rhode Island § 27-4-26 (§ 27-4-26. Interest upon proceeds of life insurance policies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.