Terms Used In Rhode Island General Laws > Chapter 5-17 - Movers

• Aggregator site: means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparison shopping. See Rhode Island General Laws 27-79.1-3
• 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.
• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• 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}
• Blanket travel insurance: means a policy of travel insurance issued to any eligible group providing coverage for specific classes of persons defined in the policy, with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group. See Rhode Island General Laws 27-79.1-3
• Cancellation fee waiver: means a contractual agreement between a supplier of travel services and its customer to waive some or all of the non-refundable cancellation fee provisions of the supplier's underlying travel contract, with or without regard to the reason for the cancellation or form of reimbursement. See Rhode Island General Laws 27-79.1-3
• Contract: A legal written agreement that becomes binding when signed.
• Contract: means an annuity contract. See Rhode Island General Laws 27-80-3
• Conviction: A judgement of guilt against a criminal defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Death master file: means the United States Social Security Administration's death master file or any other database or service that is at least as comprehensive as the United States Social Security Administration's death master file for determining that a person has reportedly died. See Rhode Island General Laws 27-80-3
• Death master file match: means a search of the death master file that results in a match of the Social Security number or the name and date of birth of an insured, annuity owner, or retained asset account holder. See Rhode Island General Laws 27-80-3
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. ^{Source: OCC}
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fulfillment materials: means documentation sent to the purchaser of a travel protection plan confirming the purchase and providing the travel protection plan's coverage and assistance details. See Rhode Island General Laws 27-79.1-3
• Group travel insurance: means travel insurance issued to any eligible group. See Rhode Island General Laws 27-79.1-3
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• 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.
• Limited lines travel insurance producer: means :

  (i)  Licensed managing general agent or third-party administrator;

  (ii)  Licensed insurance producer, including a limited lines producer; or

  (iii)  Travel administrator. See Rhode Island General Laws 27-79.1-3

• Offer and disseminate: means providing general information, including a description of the coverage and price, as well as processing the application and collecting premiums. See Rhode Island General Laws 27-79.1-3
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Policy: means any policy or certificate of life insurance that provides a death benefit. See Rhode Island General Laws 27-80-3
• Primary certificate holder: means an individual person who elects and purchases travel insurance under a group policy. See Rhode Island General Laws 27-79.1-3
• Primary policyholder: means an individual person who elects and purchases individual travel insurance. See Rhode Island General Laws 27-79.1-3
• town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
• Travel administrator: means a person who directly or indirectly underwrites, collects charges, collateral, or premiums from, or adjusts or settles claims on residents of this state, in connection with travel insurance, except that a person shall not be considered a travel administrator if that person's only actions that would otherwise cause it to be considered a travel administrator are among the following:

  (i)  A person working for a travel administrator to the extent that the person's activities are subject to the supervision and control of the travel administrator;

  (ii)  An insurance producer selling insurance or engaged in administrative and claims-related activities within the scope of the producer's license;

  (iii)  A travel retailer offering and disseminating travel insurance and registered under the license of a limited lines travel insurance producer in accordance with this chapter;

  (iv)  An individual adjusting or settling claims in the normal course of that individual's practice or employment as an attorney at law and who does not collect charges or premiums in connection with insurance coverage; or

  (v)  A business entity that is affiliated with a licensed insurer while acting as a travel administrator for the direct and assumed insurance business of an affiliated insurer. See Rhode Island General Laws 27-79.1-3

• Travel assistance services: means non-insurance services for which the consumer is not indemnified based on a fortuitous event, and where providing the service does not result in transfer or shifting of risk that would constitute the business of insurance. See Rhode Island General Laws 27-79.1-3
• Travel insurance: means insurance coverage for personal risks incident to planned travel, including:

  (i)  Interruption or cancellation of trip or event;

  (ii)  Loss of baggage or personal effects;

  (iii)  Damages to accommodations or rental vehicles;

  (iv)  Sickness, accident, disability, or death occurring during travel;

  (v)  Emergency evacuation;

  (vi)  Repatriation of remains; or

  (vii)  Any other contractual obligations to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel as approved by the commissioner. See Rhode Island General Laws 27-79.1-3

• Travel protection plans: means plans that provide one or more of the following:

  (i)  Travel insurance;

  (ii)  Travel assistance services; and

  (iii)  Cancellation fee waivers. See Rhode Island General Laws 27-79.1-3

• Travel retailer: means a business entity that makes, arranges, or offers planned travel services, and may offer and disseminate travel insurance as a service to its customers on behalf of, and under the direction of, a limited lines travel insurance producer. See Rhode Island General Laws 27-79.1-3
• Trustee: A person or institution holding and administering property in trust.
• United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8