§ 27-58-3. Definitions.
For the purposes of this chapter:
(1) "Financial institution includes:
(i) A bank, savings bank, or trust company, as defined in title 19, its affiliates or
subsidiaries, or any of its officers, agents, representatives, or employees, or any
bank, savings bank, or savings and loan association chartered pursuant to federal
law and located in Rhode Island, its affiliates or subsidiaries, or any of its officers,
agents, representatives, or employees;
(ii) A bank holding company as defined in 12 U.S.C. § 1841, except any bank holding company that is exempt as provided in 12 U.S.C. § 1843(d), its affiliates or subsidiaries, or any of its officers, agents, representatives,
or employees; or
(iii) Any other individual, corporation, partnership, or association authorized to take
deposits and to make loans of money under the provisions of chapters 5, 14, 14.1,
and 14.2 of title 19 or any of its officers, agents, representatives, or employees.
(2) "Insurance� includes all products defined or regulated as insurance by the department
of business regulation except:
(i) Credit life, credit accident and health, credit involuntary unemployment insurance;
group credit insurance, forced, placed or voluntary credit personal property insurance;
group mortgage cancellation life insurance, or group mortgage accident and health
insurance and annuities;
(ii) Insurance placed by a financial institution in connection with collateral pledged
as security for a loan when the debtor breaches the contractual obligation to provide
that insurance; and
(iii) Private mortgage insurance.