Rhode Island § 27-53.1-1 § 27-53.1-1. Purpose.

Rhode Island Statutes

§ 27-53.1-1 — § 27-53.1-1. Purpose.

Rhode Island § 27-53.1-1

Title 27Insurance

Ch. 27-53.1Assumption Reinsurance

This text of Rhode Island § 27-53.1-1 (§ 27-53.1-1. Purpose.) 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 § 27-53.1-1 (2026).

Text

§ 27-53.1-1. Purpose.
This chapter provides for the regulation of the transfer and novation of contracts
            of insurance by way of assumption reinsurance. It defines assumption reinsurance and
            establishes notice and disclosure requirements that protect and define the rights
            and obligations of policyholders, regulators, and the parties to assumption reinsurance
            agreements.
         

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§ 27-53.1-1. Purpose.

This chapter provides for the regulation of the transfer and novation of contracts of insurance by way of assumption reinsurance. It defines assumption reinsurance and establishes notice and disclosure requirements that protect and define the rights and obligations of policyholders, regulators, and the parties to assumption reinsurance agreements.