Rhode Island General Laws 27-6-9. Filings by rating organizations
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An insurer may satisfy its obligation to make the filings referred to in § 27-6-8 by becoming a member of, or subscriber to, a licensed rating organization which makes those filings, and by authorizing the commissioner to accept those filings on its behalf; provided, that nothing contained in this chapter shall be construed as requiring any insurer to become a member of or a subscriber to any rating organization.
History of Section.
P.L. 1948, ch. 2088, § 4; G.L. 1956, § 27-6-9.
Terms Used In Rhode Island General Laws 27-6-9
- 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.