A policy delivered or issued for delivery to any person in this state in violation of this chapter shall be held valid but shall be construed as provided in this chapter. When any provision in a policy subject to this chapter is in conflict with any provision of this chapter, the rights, duties, and obligations of the insurer, the insured, and the beneficiary shall be governed by the provisions of this chapter.
(P.L. 1956, ch. 3808, § 4; G.L. 1956, § 27-18-13.)
Terms Used In Rhode Island General Laws 27-18-13. Effect of policies inconsistent with chapter
- 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
- person: extends to and includes co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6