Rhode Island § 27-4.3-4 § 27-4.3-4. Computation of paid-up nonforfeiture benefits.

Rhode Island Statutes

§ 27-4.3-4 — § 27-4.3-4. Computation of paid-up nonforfeiture benefits.

Rhode Island § 27-4.3-4

Title 27Insurance

Ch. 27-4.3Standard Nonforfeiture Law for Life Insurance

This text of Rhode Island § 27-4.3-4 (§ 27-4.3-4. Computation of paid-up nonforfeiture benefits.) 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 § 27-4.3-4 (2026).

Text

§ 27-4.3-4. Computation of paid-up nonforfeiture benefits.
Any paid-up nonforfeiture benefit available under the policy in the event of default
            in a premium payment due on any policy anniversary shall be such that its present
            value as of the anniversary shall be at least equal to the cash surrender value then
            provided for by the policy or, if none is provided for, that cash surrender value
            which would have been required by this chapter in the absence of the condition that
            the premium shall have been paid for at least a specified period.
         

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§ 27-4.3-4. Computation of paid-up nonforfeiture benefits.

Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of the anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by this chapter in the absence of the condition that the premium shall have been paid for at least a specified period.