Rhode Island General Laws 27-14.5-4.1. Insurance business transfer plans
Current as of: 2023 | Check for updates
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The commissioner shall promulgate rules and regulations establishing standards by which liabilities may be novated to a new or existing domestic insurer pursuant to an Insurance Business Transfer Plan.
History of Section.
P.L. 2018, ch. 218, § 2; P.L. 2018, ch. 290, § 2.
Terms Used In Rhode Island General Laws 27-14.5-4.1
- Commissioner: means the director of the department. See Rhode Island General Laws 27-14.5-1
- Insurer: has the meaning given in § 27-14. See Rhode Island General Laws 27-14.5-1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.