reglab/housing_qa huggingface dataset:
RI Gen L § 27-1-16.2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-16.2 - Court approved settlements.

§ 27-1-16.2. Court approved settlements.Notwithstanding any provisions of law to the contrary, a person, corporation, or other entity who has resolved its liability to the receiver in a judicially-approved good faith settlement shall not be liable for claims for contribution or equitable indemnity regarding matters addressed in the settlement. The settlement does not discharge any other joint tortfeasors unless its terms provide for this discharge, but it reduces the potential liability of joint tortfeasors by the amount of the settlement.History of Section.P.L. 1994, ch. 86, § 2.
RI Gen L § 27-1-17 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-17 - Stay of executions and process against company.

§ 27-1-17. Stay of executions and process against company.As long as the injunction is in force against any corporation, all executions and other final process against the corporation for the collection of debts shall be stayed.History of Section.G.L. 1896, ch. 181, § 8; G.L. 1909, ch. 219; G.L. 1923, ch. 255, § 8; G.L. 1938, ch. 150, § 7; G.L. 1956, § 27-1-17.
RI Gen L § 27-1-18 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-18 - Limited injunction without receivership.

§ 27-1-18. Limited injunction without receivership.The court may also issue a limited or temporary injunction, staying proceedings in any particulars and for any length of time as in the opinion of the court may be necessary for the safety of the public and the proper management of the affairs of the corporation, without proceeding to the appointment of a receiver.History of Section.G.L. 1896, ch. 181, § 9; G.L. 1909, ch. 219, § 9; G.L. 1923, ch. 255, § 9; G.L. 1938, ch. 150, § 8; G.L. 1956, § 27-1-18.
RI Gen L § 27-1-19 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-19 - Declaration of forfeiture.

§ 27-1-19. Declaration of forfeiture.The court shall, upon hearing of the parties to the complaint, if it sees cause, declare the charter of the corporation forfeited.History of Section.G.L. 1896, ch. 181, § 10; G.L. 1909, ch. 219, § 10; G.L. 1923, ch. 255, § 10; G.L. 1938, ch. 150, § 9; G.L. 1956, § 27-1-19.
RI Gen L § 27-1-20 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-20 - Temporary injunction.

§ 27-1-20. Temporary injunction.The citation may also contain a temporary injunction against the corporation and all of its officers, restraining them from proceeding in any business of the corporation, except under the direction of the court, which injunction unless removed shall continue until the complaint is finally disposed of.History of Section.G.L. 1896, ch. 181, § 11; G.L. 1909, ch. 219, § 11; G.L. 1923, ch. 255, § 11; G.L. 1938, ch. 150, § 10; G.L. 1956, § 27-1-20.
RI Gen L § 27-1-21 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-21 - Failure to deliver property or records to receiver.

§ 27-1-21. Failure to deliver property or records to receiver.If the president, secretary, treasurer, agent, or servant of any insurance company which is enjoined as provided in this chapter, or any other person upon being required, neglects or refuses to deliver to the receiver or receivers of the corporation, who may be appointed by virtue of this chapter, evidences of debt, goods, effects, books, papers, and other evidences of property of every description belonging to the corporation as may be in his or her possession or under his or her control, he or she shall be fined not exceeding ten thousand dollars ($10,000) or be imprisoned not exceeding three (3) years, or be both fined and imprisoned at the discretion of the court.History of Section.G.L. 1896, ch. 181, § 12; G.L. 1909, ch. 219, § 12; G.L. 1923, ch. 255, § 12; G.L. 1938, ch. 150, § 11; G.L. 1956, § 27-1-21.
RI Gen L § 27-1-22 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-22 - Assessments by receiver of mutual company.

§ 27-1-22. Assessments by receiver of mutual company.The receiver of any mutual insurance company shall, under decree of the superior court, make and assess, pursuant to the provisions of the charter of the company of which he or she shall be a receiver, any further assessments, in addition to those which may have been made by the company, as may be necessary for the payment of the debts of the corporation, with the incidental expense of assessing and collecting the assessments and the cost and expenses of closing up the business of the corporation, including any reasonable compensation of the receiver that may be allowed by the court, and may demand, receive, sue for, and collect the assessments. For the purpose of the assessment and collection, the receiver shall have all the powers and rights in these respects which the corporation possessed by virtue of its charter or otherwise; provided, these provisions shall not apply to policies issued by mutual insurance companies that do not render the holders of the policies liable to assessment.History of Section.G.L. 1896, ch. 181, § 13; C.P.A. 1905, § 1220; G.L. 1909, ch. 219, § 13; G.L. 1923, ch. 255, § 13; G.L. 1938, ch. 150, § 12; P.L. 1953, ch. 3174, § 1; G.L. 1956, § 27-1-22.
RI Gen L § 27-1-23 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-23 - Plan for reorganization of company in receivership - Application for submission of plan to creditors and stockholders.

§ 27-1-23. Plan for reorganization of company in receivership — Application for submission of plan to creditors and stockholders.Whenever a receiver has been appointed for an insurance company incorporated under the laws of this state, any creditor or creditors or any stockholder or stockholders of the company may propose to the receiver a plan of compromise or arrangement between the company and its creditors or classes of creditors and stockholders or classes of stockholders. If the receiver is satisfied that the adoption of the plan would be more advantageous to the creditors than any other course of procedure available to the receiver under the laws of this state, and if the receiver is further satisfied that the plan is, in other respects, fair and equitable to all creditors or classes of creditors and stockholders or classes of stockholders, the receiver may apply to the superior court having jurisdiction over the receivership proceedings for the entry of an order determining the various classes, if more than one, of creditors and stockholders and calling a meeting of the creditors, or classes of creditors and stockholders, or classes of stockholders, or separate meetings of the creditors or classes of creditors and stockholders or classes of stockholders.History of Section.G.L. 1938, ch. 150, § 38; P.L. 1955, ch. 3586, § 1; G.L. 1956, § 27-1-23.
RI Gen L § 27-1-24 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-24 - Meetings to approve reorganization plan - Filing of approved plan.

§ 27-1-24. Meetings to approve reorganization plan — Filing of approved plan.On the application by a receiver, the court may enter an order determining, in accordance with the provisions of § 27-1-26, the various classes of creditors and stockholders, and may order a meeting of the creditors or classes of creditors and stockholders or classes of stockholders, or separate meetings of the creditors or classes of creditors and stockholders or classes of stockholders, the meeting or meetings to be summoned in a manner or upon any notice as the court may direct. The receiver shall preside at all meetings of creditors and/or stockholders held pursuant to the order. If the holders of two thirds (⅔) in value of the claims held by each class of creditors, acting in person or by proxy, and the holders of a majority in number of shares of each class of stockholders, acting in person or by proxy, agree to the plan or to any amendment and to any reorganization of the company as a consequence of the plan, the receiver shall, within five (5) days after the approval, file the plan as originally submitted or as amended and his or her petition for instructions with reference to the plan with the court. The court shall order the plan as filed or as amended and the petition set down for hearing before it at a time and subject to further notice as may be provided in the order.History of Section.G.L. 1938, ch. 150; § 39, P.L. 1955, ch. 3586, § 1; G.L. 1956, § 27-1-24.
RI Gen L § 27-1-25 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-25 - Decree approving reorganization plan - Binding effect.

§ 27-1-25. Decree approving reorganization plan — Binding effect.Upon the hearing, the court shall determine the regularity of all proceedings taken under this chapter in connection with the plan as originally submitted or as amended and the fairness and equity of the plan, and may enter an appropriate decree. Upon entry of any decree by the court approving a compromise or arrangement and any reorganization as a consequence of a compromise or arrangement, then the compromise or arrangement and any reorganization as a consequence of the compromise or arrangement shall be binding upon the company, on every other company issuing securities or acquiring property under the reorganization, and on all creditors and stockholders of the company, whether or not the creditors and stockholders are affected by the reorganization or have accepted it or have filed proofs of their claims or interests and whether or not their claims or interests have been scheduled or allowed or are allowable.History of Section.G.L. 1938, ch. 150; § 40, by P.L. 1955, ch. 3586, § 1; G.L. 1956, § 27-1-25; P.L. 1998, ch. 441, § 18.
RI Gen L § 27-1-26 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-26 - Principles for classification of creditors and stockholders.

§ 27-1-26. Principles for classification of creditors and stockholders.For the purposes of §§ 27-1-23 — 27-1-25, the following principles shall be applied in determining classes of creditors and stockholders; provided, that as to any situation not covered by the principles, the court may make any further determination of classes, not inconsistent with the principles, that may be fair and equitable:(1) Creditors. No creditor whose claim is wholly secured shall be included in any class provided for under this chapter, nor have any right to vote at any meeting of creditors as long as the plan does not impair that security. Any creditor whose claim is partially secured shall, unless the creditor releases his or her right to the security, be included in the class of general creditors, but shall be entitled to vote only as to the portion of his or her claim in excess of the value of the security; and(2) Stockholders. Common or capital stock and preferred stock shall be classified as separate classes of stock. Common or capital stock of the same par value, regardless of series or number of issues, and preferred stock of the same par value, regardless of series or number of issues, shall constitute only one class of common or capital or preferred stock, unless the charter of the company specifically otherwise provides, in which event the provisions of the charter shall be controlling.History of Section.G.L. 1938, ch. 150, § 41; P.L. 1955, ch. 3586, § 1; G.L. 1956, § 27-1-26.
RI Gen L § 27-1-27 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-27 - Severability.

§ 27-1-27. Severability.If any provision of §§ 27-1-23 — 27-1-26, or the application of those sections to any person or circumstances is held invalid, the invalidity shall not affect other provisions or applications of §§ 27-1-23 — 27-1-26 which can be given effect without the invalid provision or application; to this end the provisions of §§ 27-1-23 — 27-1-26 are declared to be severable.History of Section.P.L. 1955, ch. 3586, § 2; G.L. 1956, § 27-1-27.
RI Gen L § 27-1-28 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-28 - Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer.

§ 27-1-28. Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer.(a) The commissioner may by regulations prescribe the form, content, and manner of solicitation of any proxy, consent, or authorization in respect of any equity security issued by a domestic insurer, which regulations when and if issued and in force shall substantially conform to those prescribed by the National Association of Insurance Commissioners.(b) No domestic insurer, or any director, officer, or employee of the insurer or any other person shall solicit or permit the use of his or her name to solicit, by mail or otherwise, any person to give or to refrain from giving any proxy, consent, or authorization in respect of any equity security issued by the insurer in contravention of any regulations the commissioner may prescribe pursuant to this section.(c) From and after the date of issuance of any regulations by the commissioner, every proxy, consent, or authorization, and every form of written solicitation, announcement or advertisement to be used to obtain the proxy, consent, or authorization, which is intended to be used in respect of any meeting or procedure of equity security holders of a domestic insurer and is not exempted from the operation of the regulations by its terms shall be filed with the commissioner in the manner and at the times provided by the regulations by the person intending to use the written solicitation, announcement, or advertisement. For the purposes of this section, the term "person" means an individual, a corporation, a partnership, an association, a joint stock company, a business trust, or an unincorporated organization.(d) Failure to comply with any regulation of the commissioner made pursuant to this section shall be unlawful and any proxy, consent, or authorization obtained in violation of this section or in contravention of any regulation issued pursuant to this section shall be void. Any domestic insurer or any person legally entitled to vote or to give his or her consent or authorization with respect to the equity security, or the commissioner, may enforce compliance with the regulations of the commissioner made pursuant to this section by appropriate action at law or in equity; provided, that no action shall be brought more than fifteen (15) days after the date of the meeting at which a vote, consent, or authorization was purported to have been recorded.History of Section.P.L. 1965, ch. 102, § 1.
RI Gen L § 27-1-29 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-29 - Reports of directors, officers, and principal shareholders.

§ 27-1-29. Reports of directors, officers, and principal shareholders.Every person who is directly or indirectly the beneficial owner of more than ten percent (10%) of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of a domestic stock insurance company, shall file in the office of the commissioner within ten (10) days after he or she becomes the beneficial owner, director, or officer, a statement, in a form as the commissioner may prescribe, of the amount of all equity securities of the company of which he or she is the beneficial owner. Within ten (10) days after the close of each calendar month, if there has been a change in ownership during the month, he or she shall file in the office of the commissioner a statement, in a form as the commissioner may prescribe, indicating his or her ownership at the close of the calendar month and any changes in his or her ownership as have occurred during the calendar month.History of Section.P.L. 1965, ch. 101, § 1; P.L. 2002, ch. 292, § 5.
RI Gen L § 27-1-30 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-30 - Liability of directors, officers, and shareholders.

§ 27-1-30. Liability of directors, officers, and shareholders.For the purpose of preventing the unfair use of information which may have been obtained by a beneficial owner, director, or officer by reason of his or her relationship to the company, any profit realized by him or her from any purchase and sale, or any sale and purchase, of any equity security of the company within any period of less than six (6) months, unless the security was acquired in good faith in connection with a debt previously contracted, shall inure to and be recoverable by the company, irrespective of any intention on the part of the beneficial owner, director, or officer in entering into a transaction of holding the security purchased or of not repurchasing the security sold for a period exceeding six (6) months. An action to recover profit may be instituted in any court of competent jurisdiction by the company, or by the owner of any security of the company in the name and on behalf of the company if the company fails or refuses to bring the action within sixty (60) days after request or fails diligently to prosecute the action, but no action shall be brought more than two (2) years after the date the profit was realized. This section shall not be construed to cover any transaction where the beneficial owner was not the beneficial owner, both at the time of the purchase and sale, or the sale and purchase, of the security involved, or any transaction or transactions that the commissioner by rules and regulations may exempt as not comprehended within the purpose of this section.History of Section.P.L. 1965, ch. 101, § 1.
RI Gen L § 27-1-31 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-31 - Prohibited sales of securities.

§ 27-1-31. Prohibited sales of securities.It shall be unlawful for any beneficial owner, director, or officer, directly or indirectly, to sell any equity security of the company if the person selling the security or his or her principal: (1) does not own the security sold, or (2) if owning the security, does not deliver it against the sale within twenty (20) days thereafter, or does not within five (5) days after the sale deposit it in the mails or other usual channels of transportation. No person shall be deemed to have violated this section if he or she proves that notwithstanding the exercise of good faith he or she was unable to make the delivery or deposit within time, or that to do this would cause undue inconvenience or expense.History of Section.P.L. 1965, ch. 101, § 1.
RI Gen L § 27-1-32 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-32 - Exempted sales of dealers.

§ 27-1-32. Exempted sales of dealers.The provisions of § 27-1-30 shall not apply to any purchase and sale, or sale and purchase, and the provisions of § 27-1-31 shall not apply to any sale, of an equity security of a domestic stock insurance company not then or previously held by a beneficial owner, director, or officer in an investment account by a dealer in the ordinary course of his or her business, and incident to the establishment or maintenance by the dealer of a primary or secondary market, otherwise than on an exchange referred to in 15 U.S.C. § 78l(d) for the security. The commissioner may, by any rules and regulations that the commissioner deems necessary or appropriate in the public interest, define and prescribe terms and conditions with respect to securities held in an investment account and transaction made in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market.History of Section.P.L. 1965, ch. 101, § 1.
RI Gen L § 27-1-33 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-33 - Exempted arbitrage transactions.

§ 27-1-33. Exempted arbitrage transactions.The provisions of §§ 27-1-30, 27-1-31, 27-1-32, and 27-1-34 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of the rules and regulations that the commissioner may adopt in order to carry out the purposes of §§ 27-1-29 — 27-1-36.History of Section.P.L. 1965, ch. 101, § 1.
RI Gen L § 27-1-34 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-34 - Definitions.

§ 27-1-34. Definitions.When used in §§ 27-1-28 — 27-1-36:(1) "Equity security" means any stock or similar security, or any security convertible with or without consideration into a security, or carrying any warrant or right to subscribe to or purchase a security, or any warrant or right; or any other security which the commissioner shall deem to be of similar nature and consider necessary or appropriate, by the rules and regulations the commissioner may prescribe in the public interest or for the protection of investors, to treat as an equity security;(2) "Officer" means a president, vice president, treasurer, actuary, secretary, controller, and any other person who performs for the company functions corresponding to those performed by the foregoing officers.History of Section.P.L. 1965, ch. 101, § 1.
RI Gen L § 27-1-35 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-35 - Companies not subject to securities regulations.

§ 27-1-35. Companies not subject to securities regulations.The provisions of §§ 27-1-29 — 27-1-31 shall not apply to equity securities of a domestic stock insurance company if: (1) the securities shall be registered, pursuant to 15 U.S.C. § 78l, or if (2) the domestic stock insurance company shall not have any class of its equity securities held of record by five hundred (500) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of §§ 27-1-29 — 27-1-31 except for the provisions of this clause.History of Section.P.L. 1965, ch. 101, § 1.
RI Gen L § 27-1-36 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-1 - Domestic Insurance Companies|Section 27-1-36 - Regulations of "insider trading".

§ 27-1-36. Regulations of "insider trading".The commissioner shall have the power to make any rules and regulations that may be necessary for the execution of the functions vested in the commissioner by §§ 27-1-29 — 27-1-35, and may for that purpose classify domestic stock insurance companies, securities, and other persons or matters within the commissioner's jurisdiction. No provision of §§ 27-1-29 — 27-1-31 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the commissioner, notwithstanding that the rule or regulation may, after the act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.History of Section.P.L. 1965, ch. 101, § 1.