Rhode Island § 27-6.1-1 § 27-6.1-1. Purpose.

Rhode Island Statutes

§ 27-6.1-1 — § 27-6.1-1. Purpose.

Rhode Island § 27-6.1-1

Title 27Insurance

Ch. 27-6.1Lender-Placed Insurance

This text of Rhode Island § 27-6.1-1 (§ 27-6.1-1. 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 § 27-6.1-1 (2026).

Text

§ 27-6.1-1. Purpose.
The purpose of this chapter is to:
(1) Promote the public welfare by regulating lender-placed insurance on real property.
         
(2) Create a legal framework within which lender-placed insurance on real property may
            be written in this state.
         
(3) Help maintain the separation between lenders/servicers and insurers/insurance producers.
         
(4) Minimize the possibilities of unfair competitive practices in the sale, placement,
            solicitation, and negotiation of lender-placed insurance.
         

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§ 27-6.1-1. Purpose.

The purpose of this chapter is to:

(1) Promote the public welfare by regulating lender-placed insurance on real property.

(2) Create a legal framework within which lender-placed insurance on real property may be written in this state.

(3) Help maintain the separation between lenders/servicers and insurers/insurance producers.

(4) Minimize the possibilities of unfair competitive practices in the sale, placement, solicitation, and negotiation of lender-placed insurance.