Rhode Island § 27-4.9-3 § 27-4.9-3. Definitions.

Rhode Island Statutes

§ 27-4.9-3 — § 27-4.9-3. Definitions.

Rhode Island § 27-4.9-3

Title 27Insurance

Ch. 27-4.9Beneficiariesâ€™ Bill of Rights

This text of Rhode Island § 27-4.9-3 (§ 27-4.9-3. Definitions.) 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 § 27-4.9-3 (2026).

Text

§ 27-4.9-3. Definitions.
As used in this section:
(1) "Policyâ€� means any policy or certificate of life insurance that provides a death benefit.
         
(2) "Retained asset accountâ€� means any mechanism whereby the settlement of proceeds payable
            under a life insurance policy, including, but not limited to, the payment of cash
            surrender value, is accomplished by the insurer or an entity acting on behalf of the
            insurer depositing the proceeds into an account, where those proceeds are retained
            by the insurer, pursuant to a supplementary contract not involving annuity benefits.
         
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§ 27-4.9-3. Definitions.

As used in this section:

(1) "Policyâ€� means any policy or certificate of life insurance that provides a death benefit.

(2) "Retained asset accountâ€� means any mechanism whereby the settlement of proceeds payable under a life insurance policy, including, but not limited to, the payment of cash surrender value, is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account, where those proceeds are retained by the insurer, pursuant to a supplementary contract not involving annuity benefits.