§ 45-47-1 — § 45-47-1. Lien on insurance proceeds.

§ 45-47-1. Lien on insurance proceeds.

There is created a lien in favor of any taking jurisdiction in this state on the proceeds of any insurance policy based upon a claim made for damage or loss to a building or other structure caused by or arising out of any fire or explosion. The lien arises upon any unpaid tax, special ad valorem levy, special assessment, or other charge imposed upon real property by or on behalf of the state, a municipal corporation, or a special district which is an encumbrance on real property, whether or not evidenced by written instrument, that has remained undischarged for at least one year prior to the filing of a proof of loss. The lien also arises as a result of any costs incurred by a municipal corporation to secure, demolish, or render an unsafe building or structure or part of the structure safe, in accordance with chapter 27.3 of title 23.

Legislative History

P.L. 1982, ch. 251, § 1; P.L. 1984, ch. 179, § 1.