Rhode Island General Laws > Chapter 27-32 – Pension, Profit Sharing or Annuity Plans


§ 27-32-1	Separate accounts authorized
§ 27-32-2	Investments of accounts
§ 27-32-3	Gains or losses allocated to each account
§ 27-32-4	Valuation of accounts
§ 27-32-5	Benefits on variable basis
§ 27-32-6	Prerequisites to delivery of contract – Qualification of company
§ 27-32-7	Regulation of issuance and sale of agreements – Rules and regulations
§ 27-32-8	Application of insurance laws to separate accounts
§ 27-32-8.1	Individual variable life insurance
§ 27-32-9	Severability

Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Contract: A legal written agreement that becomes binding when signed.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6