No policy provision that is not subject to §§ 27-18-3 27-18-10 shall make a policy, or any portion of a policy, less favorable in any respect to the insured or the beneficiary than the provisions of the policy which are subject to this chapter.
(P.L. 1956, ch. 3808, § 4; G.L. 1956, § 27-18-12.)
Terms Used In Rhode Island General Laws 27-18-12. Less favorable provisions prohibited
- beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC