reglab/housing_qa huggingface dataset:
RI Gen L § 27-4.9-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-4.9 - Beneficiaries' Bill of Rights|Section 27-4.9-6 - Insurer reporting.

§ 27-4.9-6. Insurer reporting.(a) Insurers shall, on an annual basis, report the following information to the insurance commissioner within the department of business regulation:(1) The number and dollar balance of retained asset accounts in force at the beginning of the year;(2) The number and dollar amount of retained asset accounts issued/added during the year;(3) The number and dollar amount of retained asset accounts closed out/withdrawn during the year;(4) The number and dollar balance of retained asset accounts in force at the end of the year;(5) The investment earnings or interest credited to retained asset accounts;(6) Fees and other charges assessed during the year;(7) A narrative description of how the accounts are structured. The description shall include:(i) All of the different interest rates paid to retained asset account holders during the reporting year and the number of times changes were made during the reporting year;(ii) A list of all applicable fees charged by the reporting entity directly or indirectly associated with the retained asset accounts; and(iii) Whether the retained asset accounts were the default method for satisfying life insurance claims;(8) The number and balance of retained asset accounts in force at the end of the current year and prior year segregated within "aging categories" of "up to twelve (12) months," "thirteen (13) to twenty-four (24) months," "twenty-five (25) to thirty-six (36) months," "thirty-seven (37) to forty-eight (48) months," "forty-nine (49) to sixty (60) months," and over sixty (60) months";(9) The identity of any entity or financial institution that administers retained asset accounts on the insurer's behalf;(10) The number and amounts of retained asset accounts that are transferred annually to the state unclaimed property funds under abandoned property laws; and(11) Any other information relating to retained asset accounts as prescribed by the department of business regulation.(b) An insurer shall immediately return any remaining balance held in a retained asset account to the beneficiary when the account becomes inactive. A retained asset account shall become inactive for purposes of this subsection if no funds are withdrawn from the account, and if no affirmative directive has been provided to the insurer by the beneficiary, during any continuous three (3) year period.(c) All marketing materials, disclosure statements, and supplemental contract forms utilized in connection with retained asset accounts shall be filed with the state insurance department prior to their use. The commissioner shall disapprove any materials, statements, or forms submitted under this section that are inconsistent with § 27-4.9-5 or are otherwise untrue, deceptive, or misleading.History of Section.P.L. 2011, ch. 339, § 1; P.L. 2011, ch. 370, § 1.
RI Gen L § 27-4.9-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-4.9 - Beneficiaries' Bill of Rights|Section 27-4.9-7 - Effective date.

§ 27-4.9-7. Effective date.This chapter shall apply to claims for a death benefit under any policy or certificate of life insurance subject to the insurance laws of the state where the beneficiary resides submitted on or after September 1, 2011.History of Section.P.L. 2011, ch. 339, § 1; P.L. 2011, ch. 370, § 1.
RI Gen L § 27-4.10-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-4.10 - Mandatory Disclosure of Alternatives to Lapse or Surrender|Section 27-4.10-1 - Definitions.

§ 27-4.10-1. Definitions.As used in this chapter, the term:(1) "Agent" means a person who is the agent of record of a policy or who has a business relationship with the policyholder or insured.(2) "Commissioner" means the director of the department of business regulation and any assistant to the director.(3) "Insured" means an individual who is covered by a policy.(4) "Insurer" means the insurance company that issued or currently insures the policy.(5) "Policy" means an individual life insurance policy owned by an individual who is a resident of this state, regardless of whether the policy has been issued, delivered, or renewed in this state.History of Section.P.L. 2018, ch. 126, § 1; P.L. 2018, ch. 196, § 1.
RI Gen L § 27-4.10-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-4.10 - Mandatory Disclosure of Alternatives to Lapse or Surrender|Section 27-4.10-2 - Notice.

§ 27-4.10-2. Notice.(a) The commissioner shall develop, and post on its website, a written notice to inform a policyholder of alternatives to the lapse or surrender of a policy, and of the policyholder's rights, as an owner of the policy, that are related to the disposition of a policy. The notice must be developed at no cost to insurers, agents, or other licensees and must be written in lay terms.(b) The written notice must contain all of the following:(1) A statement explaining that life insurance is a critical part of a broader financial plan;(2) A statement explaining that there are alternatives to the lapse or surrender of a policy;(3) A general description of the following alternatives to the lapse or surrender of a policy:(i) Accelerated death benefits available under the policy or as a rider to the policy;(ii) The assignment of the policy as a gift;(iii) The sale and assignment of the policy pursuant to a life settlement contract, including that a life settlement is a regulated transaction in this state pursuant to chapter 72 of title 27;(iv) The replacement of the policy;(v) The maintenance of the policy pursuant to the terms of the policy or a rider to the policy, or through a life settlement contract;(vi) The maintenance of the policy through loans issued by an insurer or a third party, using the policy or the cash surrender value of the policy as collateral for the loan;(vii) Conversion of the policy from a term policy to a permanent policy;(viii) Conversion of the policy in order to obtain long-term-care health insurance coverage or a long-term-care benefit plan; and(4) A statement explaining that life insurance, life settlements, or other alternatives to the lapse or surrender of the policy described in the notice may not be available to a particular policyholder depending on a number of circumstances, including the age and health status of the insured or the terms of a life insurance policy, and that the policyholder should contact his or her financial advisor, insurance agent, broker, or attorney to obtain further advice and assistance.(c) An insurer, an agent, or an insurer and its agent must advise a policyholder with the annual benefit statement or otherwise that policyholders considering making changes in the status of the policy should consult a licensed insurance agent or financial advisor and that important information related to policy options, including information about an accelerated death benefit, nursing home benefit, critical illness benefit, and additional benefits may be found on the department of business regulation (DBR) website.History of Section.P.L. 2018, ch. 126, § 1; P.L. 2018, ch. 196, § 1.
RI Gen L § 27-5-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-1 - Standard fire insurance policy.

§ 27-5-1. Standard fire insurance policy.The printed form of a policy of fire insurance, as set forth in § 27-5-3, shall be known and designated as the "standard fire insurance policy of the state of Rhode Island."The printed form of a policy of fire insurance, as set forth in § 27-5-3, shall be known and designated as the "standard fire insurance policy of the state of Rhode Island."The printed form of a policy of fire insurance, as set forth in § 27-5-3, shall be known and designated as the "standard fire insurance policy of the state of Rhode Island."History of Section.G.L. 1896, ch. 183, § 4; G.L. 1909, ch. 222, § 4; G.L. 1923, ch. 258, § 4; G.L. 1938, ch. 154, § 1; P.L. 1945, ch. 1623, § 1; G.L. 1956, § 27-5-1.
RI Gen L § 27-5-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-2 - Compliance with standard policy required.

§ 27-5-2. Compliance with standard policy required.Except as provided in § 27-5-9.1 and § 27-65-1(e), no policy or contract of fire insurance shall be made, issued, or delivered by any insurer or by any insurance producer or representative of an insurance producer on any property in this state, unless it shall conform, as to all provisions, stipulations, agreements, and conditions, with the standard form of policy.History of Section.G.L. 1896, ch. 183, § 4; G.L. 1909, ch. 222, § 4; G.L. 1923, ch. 258, § 4; G.L. 1938, ch. 154, § 1; P.L. 1945, ch. 1623, § 1; G.L. 1956, § 27-5-2; 1979, ch. 48, § 1; P.L. 2004, ch. 91, § 2; P.L. 2004, ch. 320, § 2; P.L. 2011, ch. 18, § 2; P.L. 2011, ch. 25, § 2.
RI Gen L § 27-5-2.1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-2.1 - Repealed.

§ 27-5-2.1. Repealed.
RI Gen L § 27-5-3.1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.1 - Exclusion - Nuclear damage.

§ 27-5-3.1. Exclusion — Nuclear damage.Insurers issuing the standard fire insurance policy of the state of Rhode Island pursuant to § 27-5-3 are authorized to affix to the policy or include in it a written statement that the policy does not cover loss or damage caused by nuclear reaction or nuclear radiation or radioactive contamination resulting from an insured peril under the policy; provided, that nothing contained in this section shall be construed to prohibit the attachment to any policy of an endorsement or endorsements specifically assuming coverage for loss or damage caused by nuclear reaction or nuclear radiation or radioactive contamination.History of Section.P.L. 1961, ch. 23, § 1.
RI Gen L § 27-5-3.2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.2 - Property insurance.

§ 27-5-3.2. Property insurance.(a) No lending institution, as defined in § 19-9-1, doing business in this state, its affiliates or subsidiaries, or a bank holding company, as defined in 12 U.S.C. § 1841, its affiliates or subsidiaries, shall, as a condition of the mortgage or as a term of the mortgage deed, require that the mortgagor carry property insurance on the property which is the subject of the mortgage in excess of the replacement cost of any buildings or appurtenances subject to the mortgage; provided, when in the course of selling, transferring, conveying or assigning a mortgage, the servicing rights of the mortgage are similarly transferred, conveyed or assigned, then and in that event it shall be the responsibility of the holder of the mortgage to notify the insurance producer issuing the property insurance policy and the insurer in writing of that sale, transfer, conveyance, or assignment. This notice shall be made in writing and shall be sent to the insurance producer and the insurer within thirty (30) days of the sale, transfer, conveyance, or assignment by mail. In the event that the holder of a mortgage shall fail to notify the insurance producer and the insurer who issued the property insurance policy that is in force, in writing, of that sale, transfer, conveyance, or assignment within thirty (30) days, the holder shall indemnify and hold the insurance producer harmless.(b) Notwithstanding any provision in this title to the contrary, no such holder of a mortgage shall be entitled to payment of a claim under a property insurance policy for a loss to a covered building which equals less than three thousand five hundred dollars ($3,500), and for which such holder of a mortgage is otherwise entitled to payment, unless no liability exists as to the mortgagor.History of Section.P.L. 1986, ch. 166, § 1; P.L. 1988, ch. 63, § 1; P.L. 2002, ch. 112, § 1; P.L. 2003, ch. 102, § 1; P.L. 2003, ch. 105, § 1.
RI Gen L § 27-5-3.3 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.3 - Resident agent - Banks.

§ 27-5-3.3. Resident agent — Banks.All banks and lending institutions doing business in this state, whether acting under state or federal authority, which include, but are not limited to: (1) a bank, savings bank, or trust company, as defined in this title, its affiliates or subsidiaries, (2) a bank holding company, as defined in 12 U.S.C. § 1841, its affiliates or subsidiaries, (3) mortgage companies, and (4) any other individual, corporation, partnership, or association authorized to take deposits and/or to make loans of money under the provisions of title 19, shall maintain a resident agent in this state who shall have authority to endorse insurance claim checks on behalf of those banks and lending institutions.History of Section.P.L. 1988, ch. 74, § 1.
RI Gen L § 27-5-3.4 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.4 - Cancellation or nonrenewal of standard fire insurance policy.

§ 27-5-3.4. Cancellation or nonrenewal of standard fire insurance policy.(a) A company issuing any policy of insurance which is subject to cancellation or nonrenewal by the company shall effect cancellation or nonrenewal by serving the notice of it provided by the policy. That notice shall be delivered in hand to the named insured, or be left at his or her last address as shown by the company's records, or, if its records contain no last address, at his or her last business, residence, or other address known to the company, or be forwarded to that address by first class mail and maintain proof of mailing of the notice to the insured by United States Postal Service certificate of mailing in the ordinary course of the insurer's business, and this proof of mailing shall be sufficient proof of notice.(b) If a policy is made payable to a mortgagee or any person other than the named insured, notice shall be given as provided in subsection (a) of this section to the payee and to the named insured.(c) Policies subject to cancellation by the named insured upon giving notice to the company may be cancelled by serving notice in the manner provided in subsection (a) of this section upon the company or upon its insurance producer who issued the policy.History of Section.P.L. 1989, ch. 483, § 1; P.L. 1996, ch. 188, § 4; P.L. 2001, ch. 122, § 4; P.L. 2002, ch. 292, § 22; P.L. 2003, ch. 101, § 1; P.L. 2003, ch. 104, § 1.
RI Gen L § 27-5-3.5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.5 - Earthquake coverage endorsement for property insurance.

§ 27-5-3.5. Earthquake coverage endorsement for property insurance.Notwithstanding any general or special law to the contrary, all insurance companies authorized to provide condominium unit owner's, tenant's, or homeowner's insurance on owner-occupied, one to four (4) unit dwellings in this state shall, in connection with that insurance, make available to any insured purchasing a policy, at the insured's option, earthquake coverage. The premium amount and deductible amount for the earthquake coverage shall be shown separately on the declarations page of the policy.History of Section.P.L. 1990, ch. 126, § 1.
RI Gen L § 27-5-3.6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.6 - Notice concerning flood insurance.

§ 27-5-3.6. Notice concerning flood insurance.Upon issuance and each renewal of insurance policies covering standard fire insurance as defined in §§ 27-5-3 and 27-5-9.1, insurers shall provide written notice advising the policy holder that the insurance policy may not cover damages resulting from the flood, that flood insurance may be available through the Federal Emergency Management Agency (FEMA) National Flood Insurance Program, and to contact their insurer or producer for assistance. The notice shall be clear and conspicuous to the policyholder.History of Section.P.L. 2005, ch. 172, § 1.
RI Gen L § 27-5-3.7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.7 - Repealed.

§ 27-5-3.7. Repealed.History of Section.P.L. 2007, ch. 169, § 1; P.L. 2007, ch. 262, § 1; P.L. 2008, ch. 475, §§ 5, 76; P.L. 2009, ch. 15, § 1; P.L. 2009, ch. 42, § 1; Repealed by P.L. 2012, ch. 64, § 1, effective May 14, 2012; P.L. 2012, ch. 83, § 1, effective May 21, 2012. For comparable provisions, see § 27-76-2.
RI Gen L § 27-5-3.9 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-3.9 - Vacant property.

§ 27-5-3.9. Vacant property.No residential property insurance policy shall exclude coverage for vandalism or malicious mischief unless the dwelling has been vacant for more than sixty (60) consecutive days immediately before the loss.History of Section.P.L. 2018, ch. 78, § 1; P.L. 2018, ch. 100, § 1.
RI Gen L § 27-5-4 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-4 - Items shown at head of policy.

§ 27-5-4. Items shown at head of policy.There shall be printed at the head of a fire insurance policy the name of the insurer or insurers issuing the policy, the location of the home office of the insurer or insurers, and a statement whether the insurer or insurers are stock or mutual corporations; and there may be added to the policy any device or devices that the insurer or insurers issuing the policy shall desire; provided, that any company organized under special charter provisions may indicate this upon its policy and may add a statement of the plan under which it operates in this state.History of Section.G.L. 1896, ch. 183, § 4; G.L. 1909, ch. 222, § 4; G.L. 1923, ch. 258, § 4; G.L. 1938, ch. 154, § 1; P.L. 1945, ch. 1623, § 1; G.L. 1956, § 27-5-4.
RI Gen L § 27-5-5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-5 - Inclusion of regulations of mutual insurer.

§ 27-5-5. Inclusion of regulations of mutual insurer.If the policy is issued by a mutual insurer having special regulations with respect to the payment by the policyholder of assessments, those regulations shall be printed upon the policy, and any mutual insurer may print upon the policy any regulations that may be appropriate to or required by its form of organization.History of Section.G.L. 1938, ch. 154, § 1; P.L. 1945, ch. 1623, § 1; G.L. 1956, § 27-5-5.
RI Gen L § 27-5-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-6 - Binders and temporary insurance.

§ 27-5-6. Binders and temporary insurance.Binders or other contracts for temporary insurance may be made, orally or in writing, for a period which shall not exceed thirty (30) days, and shall be deemed to include all of the terms of the standard fire insurance policy and all applicable endorsements, approved by the director of business regulation, as may be designated in the contract of temporary insurance; except that the cancellation clause of the standard fire insurance policy, and the clause specifying the hour of the day at which the insurance shall commence, may be superseded by the express terms of the contract of temporary insurance; provided, that all banks and lending institutions doing business in this state, whether acting under state or federal authority, which include, but are not limited to: (1) a bank, savings bank, or trust company, as defined in this title, its affiliates or subsidiaries, (2) a bank holding company as defined in 12 U.S.C. § 1841, its affiliates or subsidiaries, (3) mortgage companies, and (4), any other individual, corporation, partnership, or association authorized to take deposits and/or to make loans of money under the provisions of title 19, shall be required to accept an insurance binder as evidence of insurance from any duly licensed insurance producer or insurance company; provided, that the binders are in writing and in a form acceptable to the mortgagee and indicating that the mortgagee will be listed as a loss payee on the binder or temporary contract and that the mortgagee will be notified by registered or certified mail in the event the binder or temporary insurance is cancelled. If a binder is utilized, a policy shall, at the request of the mortgagee, be produced within thirty (30) days after the real estate closing has been consummated. Any subsequent holder of the mortgage, as a result of the sale, transfer, conveyance, or assignment of the mortgage, shall have its interest automatically protected and covered in accordance with the notice requirements in § 27-5-3.2.History of Section.G.L. 1938, ch. 154, § 1; P.L. 1945, ch. 1623, § 1; G.L. 1956, § 27-5-6; P.L. 1985, ch. 295, § 1; P.L. 1989, ch. 340, § 1.
RI Gen L § 27-5-6.1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-5 - Fire Insurance Policies and Reserves|Section 27-5-6.1 - Notice concerning single interest hazard insurance.

§ 27-5-6.1. Notice concerning single interest hazard insurance.No bank or lending institution doing business in this state, whether acting under state or federal authority, which includes, but is not limited to: (1) a bank, savings bank, or trust company, as defined in title 19, its affiliates or subsidiaries, (2) a bank holding company, as defined in 12 U.S.C. § 1841, its affiliates or subsidiaries, (3) mortgage companies and mortgage services, and (4) any other individual, corporation, partnership, or association authorized to take deposits and/or to make loans of money under the provisions of title 19, shall, in connection with a loan secured by residential property situated in the state of Rhode Island of four (4) or fewer units and occupied or to be occupied in whole or in part by the mortgagor, obtain a single interest hazard insurance policy for the property and impose the cost on the mortgagor unless the bank or lending institution shall give the mortgagor written notice of its intent to obtain that coverage and ten (10) days shall have elapsed after the date on which notice is given; provided, that nothing in this section shall require the giving of notice or preclude the bank or lending institution from obtaining that coverage and imposing the cost on the mortgagor where the bank or lending institution has received notice of the nonrenewal or cancellation of the hazard insurance on the property.History of Section.P.L. 1987, ch. 167, § 1.