Rhode Island § 27-8-12 § 27-8-12. Subrogation — Payment to insured of deductible.

Rhode Island Statutes

§ 27-8-12 — § 27-8-12. Subrogation — Payment to insured of deductible.

Rhode Island·Title 27 Insurance·Ch. 27-8 Casualty Insurance Generally

§ 27-8-12. Subrogation — Payment to insured of deductible.
Whenever, through subrogation, an insurance company or its agent collects a casualty
            loss from a third party, that company or agent shall, from the funds collected, first
            pay to the insured the deductible portion of the casualty loss less the prorated share
            of subrogation expenses and only after this retain any funds in excess of the deductible
            portion of the recovery.
         

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§ 27-8-12. Subrogation — Payment to insured of deductible.

Whenever, through subrogation, an insurance company or its agent collects a casualty loss from a third party, that company or agent shall, from the funds collected, first pay to the insured the deductible portion of the casualty loss less the prorated share of subrogation expenses and only after this retain any funds in excess of the deductible portion of the recovery.

Rhode Island § 27-8-12 (§ 27-8-12. Subrogation — Payment to insured of deductible.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.