§ 27-4.10-1 — § 27-4.10-1. Definitions.

Rhode Island § 27-4.10-1

• Jurisdiction: Rhode Island
• Title 27: Insurance
• Ch. 27-4.10: Mandatory Disclosure of Alternatives to Lapse or Surrender

Text

§ 27-4.10-1. Definitions.

As used in this chapter, the term:

(1) "Agent� means a person who is the agent of record of a policy or who has a business relationship with the policyholder or insured.

(2) "Commissioner� means the director of the department of business regulation and any assistant to the director.

(3) "Insured� means an individual who is covered by a policy.

(4) "Insurer� means the insurance company that issued or currently insures the policy.

(5) "Policy� means an individual life insurance policy owned by an individual who is a resident of this state, regardless of whether the policy has been issued, delivered, or renewed in this state.

Legislative History

P.L. 2018, ch. 126, § 1; P.L. 2018, ch. 196, § 1.