Rhode Island § 27-4.9-4 § 27-4.9-4. General requirements.

Rhode Island Statutes

§ 27-4.9-4 — § 27-4.9-4. General requirements.

Rhode Island § 27-4.9-4

Title 27Insurance

Ch. 27-4.9Beneficiariesâ€™ Bill of Rights

This text of Rhode Island § 27-4.9-4 (§ 27-4.9-4. General requirements.) 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 § 27-4.9-4 (2026).

Text

§ 27-4.9-4. General requirements.
(a) An insurer may not use a retained asset account as the mode of settlement unless the
            insurer discloses such option to the beneficiary or the beneficiary's legal representative
            prior to the transfer of the death benefit to a retained asset account.
         
(b) A beneficiary shall be informed of his or her rights to receive a lump-sum payment
            of life insurance proceeds in the form of a bank check or other form of immediate
            full payment of benefits.
         

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-4.9-4. General requirements.

(a) An insurer may not use a retained asset account as the mode of settlement unless the insurer discloses such option to the beneficiary or the beneficiary's legal representative prior to the transfer of the death benefit to a retained asset account.

(b) A beneficiary shall be informed of his or her rights to receive a lump-sum payment of life insurance proceeds in the form of a bank check or other form of immediate full payment of benefits.