Rhode Island General Laws 33-1.1-12. Insurance companies, banks, or other obligors – Relief from liability when payment made without notice
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Any insurance company making payment according to the terms of its policy or any bank or other person performing an obligation for the slayer as one of several joint obligors shall not be subjected to additional liability by the terms of this chapter if such payment or performance is made without written notice of the killing by a slayer, at the home office of the insurance company or bank, home, or business address of the other person, of circumstances tending to bring it within the provisions of this chapter.
History of Section.
P.L. 1962, ch. 62, § 1.
Terms Used In Rhode Island General Laws 33-1.1-12
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6