Rhode Island § 45-47-2 § 45-47-2. Certificate required for payment of claim.

Rhode Island Statutes

§ 45-47-2 — § 45-47-2. Certificate required for payment of claim.

Rhode Island·Title 45 Towns and cities·Ch. 45-47 Municipal Liens on Fire Insurance Proceeds

§ 45-47-2. Certificate required for payment of claim.
(a) No insurance company shall pay any claim for more than ten thousand dollars ($10,000),
            as may be adjusted yearly for inflation by the insurance department, for damages arising
            out of a claim under an insurance policy caused by fire or explosion, without having
            first obtained from the insured a certificate stating:
         
(1) That no lien, as defined in § 45-47-1, in favor of the taxing jurisdiction exists, or
         
(2) The amount of any lien.
         
(b) The certificate shall be in the form and fro

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§ 45-47-2. Certificate required for payment of claim.

(a) No insurance company shall pay any claim for more than ten thousand dollars ($10,000), as may be adjusted yearly for inflation by the insurance department, for damages arising out of a claim under an insurance policy caused by fire or explosion, without having first obtained from the insured a certificate stating:

(1) That no lien, as defined in § 45-47-1, in favor of the taxing jurisdiction exists, or

(2) The amount of any lien.

(b) The certificate shall be in the form and from the taxing jurisdiction official, as approved and designated by the insurance commissioner pursuant to regulations promulgated under this chapter.

Rhode Island § 45-47-2 (§ 45-47-2. Certificate required for payment of claim.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.