reglab/housing_qa huggingface dataset:
RI Gen L § 27-77-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-1 - Purpose and scope.

§ 27-77-1. Purpose and scope.The purpose of this chapter is to provide the requirements for maintaining a risk management framework, and completing an own risk and solvency assessment (ORSA) and provide guidance and instructions for filing an ORSA Summary Report with the insurance commissioner of this state.The requirements of this chapter shall apply to all insurers domiciled in this state unless exempt pursuant to § 27-77-6.The general assembly finds and declares that the ORSA Summary Report will contain confidential and sensitive information related to an insurer or insurance group's identification of risks material and relevant to the insurer or insurance group filing the report. This information will include proprietary and trade secret information that has the potential for harm and competitive disadvantage to the insurer or insurance group if the information is made public. It is the intent of this general assembly that the ORSA Summary Report shall be a confidential document filed with the commissioner, that the ORSA Summary Report will be shared only as stated herein and to assist the commissioner in the performance of his or her duties, and that in no event shall the ORSA Summary Report be subject to public disclosure.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-2 - Definitions.

§ 27-77-2. Definitions.(a) "Commissioner" means the director of the department of business regulation or his or her designee.(b) "Insurance group." For the purpose of conducting an ORSA, the term "insurance group" means those insurers and affiliates included within an insurance holding company system as defined in chapter 27-35.(c) "Insurer." The term "insurer" shall not include agencies, authorities or instrumentalities of the United States, its possessions and territories, the commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state.(d) "NAIC" means the National Association of Insurance Commissioners.(e) "Own Risk and Solvency Assessment" or "ORSA." An "Own Risk and Solvency Assessment" or "ORSA" means a confidential internal assessment, appropriate to the nature, scale and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks.(f) "ORSA Guidance Manual" means the current version of the "Own Risk and Solvency Assessment Guidance Manual" developed and adopted by the NAIC and as amended from time to time. A change in the ORSA guidance manual shall be effective on January 1 following the calendar year in which the changes have been adopted by the NAIC.(g) "ORSA Summary Report" means a confidential high-level summary of an insurer or insurance group's ORSA.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-3 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-3 - Risk management framework.

§ 27-77-3. Risk management framework.An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-4 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-4 - ORSA requirement.

§ 27-77-4. ORSA requirement.Subject to § 27-77-6, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA guidance manual. The ORSA shall be conducted no less than annually but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-5 - ORSA summary report.

§ 27-77-5. ORSA summary report.(a) Upon the commissioner's request, and no more than once each year, an insurer shall submit to the commissioner an ORSA summary report or any combination of reports that together contain the information described in the ORSA guidance manual, applicable to the insurer and/or the insurance group of which it is a member. Notwithstanding any request from the commissioner, if the insurer is a member of an insurance group, the insurer shall submit the report(s) required by this subsection if the commissioner is the lead state commissioner of the insurance group as determined by the procedures within the financial analysis handbook adopted by the NAIC.(b) The report(s) shall include a signature of the insurer or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process attesting to the best of his/her belief and knowledge that the insurer applies the enterprise risk management process described in the ORSA summary report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee thereof.(c) An insurer may comply with subsection (a) by providing the most recent and substantially similar report(s) provided by the insurer or another member of an insurance group of which the insurer is a member to the commissioner of another state or to a supervisor or regulator of a foreign jurisdiction, if that report provides information that is comparable to the information described in the ORSA guidance manual. Any such report in a language other than English must be accompanied by a translation of that report into the English language.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-7 - Contents of ORSA summary report.

§ 27-77-7. Contents of ORSA summary report.(a) The ORSA summary report shall be prepared consistent with the ORSA guidance manual, subject to the requirements of subsection (b) of this section. Documentation and supporting information shall be maintained and made available upon examination or upon request of the commissioner.(b) The review of the ORSA summary report, and any additional requests for information, shall be made using similar procedures currently used in the analysis and examination of multistate or global insurers and insurance groups.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-9 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-9 - Sanctions.

§ 27-77-9. Sanctions.Any insurer failing, without just cause, to timely file the ORSA summary report as required in this chapter shall be required, after notice and hearing, to pay a penalty of one thousand dollars ($1,000) for each day's delay, to be recovered by the commissioner and the penalty so recovered shall be paid into the general fund. The maximum penalty under this section is three hundred sixty-five thousand dollars ($365,000). The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-77-10 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-77 - Risk Management and Own Risk and Solvency Assessment Act|Section 27-77-10 - Severability clause.

§ 27-77-10. Severability clause.If any provision of this chapter, or the application thereof to any person or circumstance, is held invalid, such determination shall not affect the provisions or applications of this chapter which can be given effect without the invalid provision or application, and to that end the provisions of this chapter are severable.History of Section.P.L. 2013, ch. 53, § 1; P.L. 2013, ch. 59, § 1.
RI Gen L § 27-78-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-1 - Short title.

§ 27-78-1. Short title.This chapter shall be known and may be cited as the "Certificates of Insurance Model Act."History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-78-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-2 - Definitions.

§ 27-78-2. Definitions.For purposes of this chapter:(1) "Certificate of insurance" means a document or instrument, regardless of how titled or described, that is prepared or issued by an insurer or insurance producer as evidence of property or casualty insurance coverage. The term does not include a policy of insurance, insurance binder, policy endorsement, or automobile insurance identification or information card.(2) "Insurance producer" means a person required to be licensed under the laws of this state to sell, solicit, or negotiate property or casualty insurance.(3) "Insurer" means any organization that issues property or casualty insurance.(4) "Person" means any individual, partnership, corporation, association, or other legal entity, including any government or governmental subdivision or agency.History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-78-3 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-3 - Certificate forms.

§ 27-78-3. Certificate forms.(a) The commissioner of insurance shall prohibit the use of a certificate of insurance form if the form:(1) Is unfair, misleading, or deceptive, or violates public policy; or(2) Violates any law, including any regulation promulgated by the commissioner of insurance.(b) A certificate of insurance is not a policy of insurance and does not affirmatively or negatively amend, extend, or alter the coverage afforded by the policy to which the certificate of insurance makes reference. A certificate of insurance shall not confer to any person new or additional rights beyond what the referenced policy of insurance expressly provides.History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-78-4 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-4 - Limitations on use.

§ 27-78-4. Limitations on use.(a) A person may not:(1) Alter or modify a certificate of insurance after issuance by a producer or insurer;(2) Prepare, issue, or request or require the issuance of a certificate of insurance that contains any false or misleading information concerning the policy of insurance to which the certificate of insurance makes reference; or(3) Prepare, issue, or request or require the issuance of a certificate of insurance that purports to affirmatively or negatively alter, amend, or extend the coverage provided by the policy of insurance to which the certificate of insurance makes reference.(b) A certificate of insurance may not warrant that the policy of insurance referenced in the certificate comply with the insurance or indemnification requirements of a contract and the inclusion of a contract number or description within a certificate of insurance may not be interpreted as doing such.History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-78-5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-5 - Notice requirements.

§ 27-78-5. Notice requirements.A person is entitled to notice of cancellation, nonrenewal, or any material change, and to any similar notice concerning a policy of insurance only if the person has such notice rights under the terms of the policy of insurance or any endorsement to the policy. The terms and conditions of the notice are governed by the policy of insurance or endorsement and may not be altered by a certificate of insurance.History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-78-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-6 - Applicability.

§ 27-78-6. Applicability.(a) The provisions of this chapter shall apply to all certificates of insurance issued in connection with property, operations, or risks located in this state, regardless of where the policyholder, insurer, insurance producer, or person requesting or requiring the issuance of a certificate of insurance is located.(b) A certificate of insurance or any other document or correspondence prepared, issued, requested, or required in violation of this chapter shall be null and void.History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-78-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-78 - Certificates of Insurance Model Act|Section 27-78-7 - Enforcement and penalties.

§ 27-78-7. Enforcement and penalties.(a) The commissioner of insurance shall have the power to examine and investigate the activities of any person that the commissioner reasonably believes has been or is engaged in an act or practice prohibited by this chapter.(b) The commissioner of insurance shall have the power to enforce the provisions of this chapter in accordance with § 42-14-16.(c) The commissioner of insurance may adopt reasonable rules and regulations as are necessary or proper to carry out the provisions of this chapter.History of Section.P.L. 2013, ch. 299, § 1; P.L. 2013, ch. 408, § 1.
RI Gen L § 27-79-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-1 - [Repealed.]

§ 27-79-1. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-2 - [Repealed.]

§ 27-79-2. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79-3 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-3 - [Repealed.]

§ 27-79-3. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79-4 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-4 - [Repealed.]

§ 27-79-4. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79-5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-5 - [Repealed.]

§ 27-79-5. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-6 - [Repealed.]

§ 27-79-6. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79 - Limited Lines Travel Insurance Act|Section 27-79-7 - [Repealed.]

§ 27-79-7. [Repealed.]History of Section.P.L. 2013, ch. 315, § 1; P.L. 2013, ch. 410, § 1; Repealed by P.L. 2019, ch. 44, § 1, effective October 1, 2019; P.L. 2019, ch. 51, § 1, effective October 1, 2019.
RI Gen L § 27-79.1-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-1 - Short title.

§ 27-79.1-1. Short title.This chapter shall be known and may be cited as the "Travel Insurance Act."History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-2 - Scope and purposes.

§ 27-79.1-2. Scope and purposes.(a) The purpose of this chapter is to promote the public welfare by creating a comprehensive legal framework within which travel insurance may be sold in this state.(b) The requirements of this chapter shall apply to travel insurance policies and certificates that are delivered or issued for delivery in this state. It shall not apply to cancellation fee waivers and travel assistance services, except as expressly provided herein.(c) All other applicable provisions of the state's insurance laws shall continue to apply to travel insurance; provided that the specific provisions of this chapter shall supersede any other provisions of the general or public laws that would otherwise be applicable to travel insurance.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-5 - Compensation.

§ 27-79.1-5. Compensation.A travel retailer whose insurance-related activities, and those of its employees, are limited to offering and disseminating travel insurance on behalf of and under the direction of a limited lines travel insurance producer meeting the conditions stated in this chapter, is authorized to do so and receive related compensation.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-6 - Premium tax.

§ 27-79.1-6. Premium tax.(a) A travel insurer shall pay a gross premiums tax, as provided in § 44-17-2, on travel insurance premiums paid by any of the following:(1) An individual primary policyholder who is a resident of this state;(2) A primary certificate holder who is a resident of this state who elects coverage under a group travel insurance policy; or(3) A blanket travel insurance policyholder that is resident in, or has its principal place of business or the principal place of an affiliate or subsidiary that has purchased blanket travel insurance in this state for eligible blanket group members, subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions, or that permits the insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions.(b) A travel insurer shall:(1) Document the state of residence or principal place of business of the policyholder or certificate holder, as required in this chapter; and(2) Report as premium only the amount allocable to travel insurance, and not any amounts received for travel assistance services or cancellation fee waivers.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-7 - Travel protection plans.

§ 27-79.1-7. Travel protection plans.(a) Travel protection plans may be offered for one price for the combined features that the travel protection plan offers in this state if:(1) The travel protection plan clearly discloses to the consumer at, or prior to the time of purchase, that it includes travel insurance, travel assistance services, and cancellation fee waivers, as applicable, and provides information and an opportunity at, or prior to the time of purchase, for the consumer to obtain additional information regarding the features and pricing of each; and(2) The fulfillment materials:(i) Describe and delineate the travel insurance, travel assistance services, and cancellation fee waivers in the travel protection plan; and(ii) Include the travel insurance disclosures and the contact information for persons providing travel assistance services and cancellation fee waivers, as applicable.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-9 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-9 - Travel administrators.

§ 27-79.1-9. Travel administrators.(a) Notwithstanding any other provisions of this title, no person shall act or represent himself, herself, or itself as a travel administrator for travel insurance in this state unless that person:(1) Is a licensed property and casualty insurance producer in this state for activities permitted under that producer license; or(2) Holds a valid managing general agent license in this state.(b) A travel administrator and its employees are exempt from the licensing requirements of chapter 10 of title 27 for travel insurance it administers.(c) An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer, and is responsible for ensuring that the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the commissioner upon request.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-10 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-10 - Policy.

§ 27-79.1-10. Policy.(a) Notwithstanding any other provision of this title, travel insurance; shall be classified, and filed for purposes of rates and forms under an inland marine line of insurance provided, however, that travel insurance that provides coverage for sickness, accident, disability, or death occurring during travel, either exclusively or in conjunction with related coverages of emergency evacuation or repatriation of remains, or incidental limited property and casualty benefits such as baggage or trip cancellation, may be filed by an authorized insurer under either an accident and health line of insurance or an inland marine line of insurance.(b) Travel insurance may be in the form of an individual, group, or blanket policy.(c) Eligibility and underwriting standards for travel insurance may be developed and provided based on travel protection plans designed for individual or identified marketing or distribution channels, provided those standards also meet the state's underwriting standards for inland marine.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
RI Gen L § 27-79.1-11 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-79.1 - Travel Insurance Act|Section 27-79.1-11 - Responsibility.

§ 27-79.1-11. Responsibility.As the insurer designee, the limited lines travel insurance producer is responsible for the acts of the travel retailer and shall use reasonable means to ensure compliance by the travel retailer with this chapter.History of Section.P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.