reglab/housing_qa huggingface dataset:
RI Gen L § 27-17-3 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-3 - Execution by attorney - Office in state.

§ 27-17-3. Execution by attorney — Office in state.The contracts shall be executed by an attorney in fact, designated in this chapter as "attorney", duly authorized and acting for the subscribers, and the attorney may be a foreign corporation. An office or offices of the attorney, referred to in this chapter as a reciprocal exchange or interinsurer, acting for subscribers in issuing contracts or policies insuring property or interests in this state, shall be maintained in this state.History of Section.P.L. 1952, ch. 3003, § 2; G.L. 1956, § 27-17-3.
RI Gen L § 27-17-5 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-5 - Service of process.

§ 27-17-5. Service of process.Concurrently with the filing of the declaration provided for by the terms of § 27-17-4, the attorney shall file with the commissioner an instrument in writing duly executed by the attorney for the subscribers, conditioned that upon the issuance of the certificate of authority provided for in § 27-17-6, an action may be brought in any county in which the cause of action arises or where the claimant resides, and service of process may be had upon the commissioner in all suits in this state arising out of any policies, contracts, or agreements issued, which service shall be valid and binding upon all subscribers exchanging at any time reciprocal or interinsurance contracts through the attorney. Three (3) copies of the process shall be served, and the commissioner shall file one copy in his or her office, forward one copy to the attorney, and return one copy with his or her admission of service. Service of process may also be had upon all subscribers by serving the attorney at the office. Service of process shall not be had upon subscribers or any of them in any suit or proceeding in this state, except in the manner provided in this section, and any suit or other proceeding may be begun and prosecuted or defended by them under the name or designation adopted by them. A service fee of five dollars ($5.00) shall accompany each service and be paid to the commissioner.History of Section.P.L. 1952, ch. 3003, § 4; G.L. 1956, § 27-17-5; P.L. 1960, ch. 71, art. 1, § 9.
RI Gen L § 27-17-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-6 - Certificate of authority to do business.

§ 27-17-6. Certificate of authority to do business.If it shall appear upon examination by the commissioner that an exchange or interinsurer has complied with all of the requirements of this chapter and that the persons holding positions of executive and managerial authority are of good repute and will conduct the affairs of the exchange with safety to the public and its policyholders, the commissioner shall issue a certificate stating that the exchange or interinsurer has complied with all of the requirements of this chapter which shall authorize the exchange or interinsurer to transact the kind of business specifically provided in the certificate. The certificate shall expire on the first day of April of the following year, and shall be renewed every year as of the first day of April of that year. The commissioner may, after a hearing, revoke or suspend any certificate of authority issued pursuant to this section, in the case of violation of any of the provisions of this chapter, after reasonable notice of the hearing has been given to the attorney in fact in writing, which notice shall be sufficiently adequate to allow the attorney in fact to appear and show cause why the action should not be taken.History of Section.P.L. 1952, ch. 3003, § 5; G.L. 1956, § 27-17-6.
RI Gen L § 27-17-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-7 - Reinsurance reserve.

§ 27-17-7. Reinsurance reserve.There shall be maintained at all times by the exchange a reinsurance reserve in cash or securities authorized by the laws of the state in which the principal office of the attorney is located for the investment of similar funds of insurance companies doing the same kind of business, in an amount equal to fifty percent (50%) of the net annual premium deposits collected and credited to the accounts of subscribers on policies having one year or less to run and pro rata on those for longer periods or, in lieu of this amount, one hundred percent (100%) of the net unearned premium deposits collected and credited to the accounts of subscribers calculated separately for each policy in force as of any given date.History of Section.P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-7.
RI Gen L § 27-17-8 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-8 - "Net premium deposits" defined.

§ 27-17-8. "Net premium deposits" defined."Net premium deposits," as used in this chapter, mean the premium deposits made by subscribers after deduction from them of the amount paid as return premiums upon cancelled contracts and reinsurance in companies or associations licensed to do business in this state.History of Section.P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-8.
RI Gen L § 27-17-9 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-9 - Contingent reserve.

§ 27-17-9. Contingent reserve.In addition to the reserves provided for in §§ 27-17-7 and 27-17-10, there shall also be maintained at all times by the exchange, as assets, a contingent reserve in cash or securities as stated in § 27-17-7 of not less than the amount of minimum capital required of a stock insurance company incorporated under the law of any other state of the United States to do the kind or kinds of insurance which the exchange is authorized to write under § 27-17-1.History of Section.P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-9.
RI Gen L § 27-17-10 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-10 - Claim or loss reserve.

§ 27-17-10. Claim or loss reserve.There shall also be maintained at all times in the hands of the attorney, as a claim or loss reserve, in cash or securities as stated in § 27-17-7, assets sufficient to discharge all liabilities on all outstanding or accrued losses arising under policies issued, which are to be calculated in accordance with the laws of this state relating to similar reserves for companies insuring similar risks.History of Section.P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-10.
RI Gen L § 27-17-11 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-11 - Advance of funds for reserves - Maintenance.

§ 27-17-11. Advance of funds for reserves — Maintenance.If it appears that the amount of funds required in §§ 27-17-7 — 27-17-10 has not been accumulated or maintained, then the subscribers, or the attorney for them, shall immediately advance any sums needed to comply with the provisions of §§ 27-17-7 — 27-17-10 and the advanced funds shall not be treated as a liability of the exchange, and the advances shall be repaid only out of the surplus over and above the minimum required by §§ 27-17-7 — 27-17-10. If the subscribers, or their attorneys for them, shall fail to advance sums necessary for the maintenance of the minimum reserves and surplus within thirty (30) days after receipt of notice from the commissioner, the commissioner may revoke its license to transact business in this state.History of Section.P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-11.
RI Gen L § 27-17-12 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-12 - Deficiencies in reserves.

§ 27-17-12. Deficiencies in reserves.If at any time the amounts on hand are less than the requirements specified in this chapter, the subscribers, or their attorney for them, shall make up the deficiency.History of Section.P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-12; P.L. 2002, ch. 292, § 32.
RI Gen L § 27-17-13 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-13 - Certificate of deposit by foreign exchange or interinsurer.

§ 27-17-13. Certificate of deposit by foreign exchange or interinsurer.A foreign reciprocal exchange or interinsurer shall, before being authorized to do business in this state, furnish to the commissioner a certificate issued by a state treasurer or other state financial officer of the state where its principal place of business is located, that there has been deposited with him or her either in cash or securities the sum of one hundred thousand dollars ($100,000) for the benefit of all policyholders.History of Section.P.L. 1952, ch. 3003, § 7; G.L. 1956, § 27-17-13.
RI Gen L § 27-17-14 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-14 - Cash premium deposit and contingent liability of subscriber.

§ 27-17-14. Cash premium deposit and contingent liability of subscriber.The power of attorney under which any contracts of insurance are exchanged pursuant to this chapter shall provide for a cash premium deposit and a contingent liability of the subscriber during each annual period of the term of each contract of insurance issued to the subscriber to be fixed in the power of attorney, but in an amount not less than one nor more than ten (10) times the amount of the annual portion of the cash premium deposit stated in the contract, except that exchanges which have a required surplus equal to three hundred fifty thousand dollars ($350,000) or to the minimum capital, if any, required of a stock insurance company transacting the same kind or kinds of business, whichever is greater, may issue policies without contingent liability; provided, that the exchange which shall have issued policies without contingent liability after the acquisition of the surplus may continue to do so only so long as it maintains a surplus in the amount required by this section, and no exchange shall issue any non-assessable policies, except during a time as it shall continue to maintain the surplus.History of Section.P.L. 1952, ch. 3003, § 8; G.L. 1956, § 27-17-14; P.L. 2002, ch. 292, § 32.
RI Gen L § 27-17-15 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-15 - Reports and examination of affairs of exchanges.

§ 27-17-15. Reports and examination of affairs of exchanges.The attorney shall, within the time limited for filing the annual statement by insurance companies transacting the same kind of business, make a report under oath to the commissioner for each calendar year in any form the commissioner may prescribe, showing the financial condition of the affairs at the office where the contracts are issued, and shall at any reasonable time furnish any additional information and reports required by the commissioner. The records, affairs, and financial condition of the exchange shall be subject to examination by the commissioner, and the examination shall be at the expense of the office examined. The commissioner may, in lieu of the examination provided for in this section, accept a certified copy of the report of examination made by the insurance department of the state where the principal office is located.History of Section.P.L. 1952, ch. 3003, § 9; G.L. 1956, § 27-17-15.
RI Gen L § 27-17-16 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-16 - Penalty for doing business without compliance.

§ 27-17-16. Penalty for doing business without compliance.Any attorney who exchanges any contracts of insurance of the kind and character specified in this chapter, or any attorney or representative of the attorney who solicits or negotiates any applications for the attorney without the attorney first complying with the provisions of this chapter, shall be deemed guilty of a misdemeanor, and upon conviction shall be subjected to a fine of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000).History of Section.P.L. 1952, ch. 3003, § 10; G.L. 1956, § 27-17-16.
RI Gen L § 27-17-17 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-17 - Permits to solicit powers of attorney and applications.

§ 27-17-17. Permits to solicit powers of attorney and applications.For the purposes of complying with the requirements of this chapter as set forth in § 27-17-4(6) and upon issuance of a permit by the commissioner and under any conditions as he or she may impose, powers of attorney and applications for the insurance contracts may be solicited without compliance with the provisions of this chapter, but no attorney or other person shall execute or issue the contracts of insurance until all of the provisions of this chapter have been complied with and a certificate of authority issued by the commissioner.History of Section.P.L. 1952, ch. 3003, § 10; G.L. 1956, § 27-17-17.
RI Gen L § 27-17-18 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-18 - Insertion of provisions in standard policies.

§ 27-17-18. Insertion of provisions in standard policies.The attorney may insert in any form of policy prescribed by the laws of this state or adopted by this state, any provisions or conditions required by the plan of reciprocal or interinsurance; provided, that the provisions or conditions shall not be in conflict with the laws of this state.History of Section.P.L. 1952, ch. 3003, § 11; G.L. 1956, § 27-17-18.
RI Gen L § 27-17-19 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-19 - Fees and taxes.

§ 27-17-19. Fees and taxes.The exchanges shall be subject to the same fees and taxes provided by the laws of this state, now or after this enacted, applicable to insurance companies organized or admitted to do the same kind or kinds of business under the laws of this state.History of Section.P.L. 1952, ch. 3003, § 12; G.L. 1956, § 27-17-19.
RI Gen L § 27-17-20 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-20 - Applicability of insurance producers' laws.

§ 27-17-20. Applicability of insurance producers' laws.The provisions of the general insurance laws of this state regarding the appointment, licensing, qualification, and regulation of insurance producers shall not apply to an exchange or its attorney, or to a traveling salaried employee, or to an executive officer or the attorney if a corporation, but shall apply to any other person, partnership, or corporation representing the reciprocal or interinsurance exchange in soliciting, negotiating, or effecting of business in this state.History of Section.P.L. 1952, ch. 3003, § 13; G.L. 1956, § 27-17-20; P.L. 2002, ch. 292, § 32.
RI Gen L § 27-17-21 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-21 - Applicability of rating laws.

§ 27-17-21. Applicability of rating laws.The provisions of the laws of this state regulating the making and applying of insurance rates and providing for the licensing of rating organizations as set forth in chapters 6 and 9 of this title and §§ 27-2-13, 27-5-1 — 27-5-11 and 27-8-4 — 27-8-6 shall apply to reciprocal or interinsurance contracts, but nothing contained in those sections shall be construed to prohibit the return of savings or dividends to subscribers or policyholders.History of Section.P.L. 1952, ch. 3003, § 14; G.L. 1956, § 27-17-21.
RI Gen L § 27-17-22 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-22 - Maximum liability on policy.

§ 27-17-22. Maximum liability on policy.No reciprocal exchange or interinsurer shall issue or deliver any policy insuring property or interests in this state, the liability on which shall exceed an amount equivalent to ten percent (10%) of its surplus, unless the excess of liability over the ten percent (10%) is reinsured in a company which maintains financial standards at least equal to those required by the laws of this state.History of Section.P.L. 1952, ch. 3003, § 14; G.L. 1956, § 27-17-22.
RI Gen L § 27-17-23 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-23 - Exchange of workers' compensation insurance.

§ 27-17-23. Exchange of workers' compensation insurance.Employers are expressly authorized to exchange contracts of workers' compensation insurance, at any reciprocal exchange licensed in this state to do that kind of business, but all these exchanges shall be subject to the provisions of the laws of this state relating to the business of workers' compensation insurance.History of Section.P.L. 1952, ch. 3003, § 15; G.L. 1956, § 27-17-23.
RI Gen L § 27-17-24 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-24 - Retaliatory laws.

§ 27-17-24. Retaliatory laws.The retaliatory laws of this state shall be applicable to reciprocal or interinsurance exchanges.History of Section.P.L. 1952, ch. 3003, § 16; G.L. 1956, § 27-17-24.
RI Gen L § 27-17-25 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-25 - Hearings on rules and decisions of commissioner.

§ 27-17-25. Hearings on rules and decisions of commissioner.Any party in interest aggrieved by any order or decision of the commissioner or by any rule or regulation adopted and promulgated by the commissioner may, within thirty (30) days after notice of it to other known parties in interest, make written request to the commissioner for a hearing. Within twenty (20) days after receipt of the written request, the commissioner shall hear the party or parties and shall give not less than ten (10) days' written notice of the time and place of the hearing. Within fifteen (15) days after the hearing, the commissioner shall affirm, reverse, or modify his or her previous action, specifying his or her reasons for the action. Pending the hearing and decision on the hearing, the commissioner may suspend or postpone the effective date of his or her previous action. At any hearing before the commissioner, observance of formal rules of pleading or evidence shall not be required.History of Section.P.L. 1952, ch. 3003, § 17; G.L. 1956, § 27-17-25.
RI Gen L § 27-17-26 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-26 - Judicial review of orders and decisions of commissioner.

§ 27-17-26. Judicial review of orders and decisions of commissioner.Any final order or decision of the commissioner shall be subject to review by petition filed within twenty (20) days after notice of it at the instance of any party in interest in the superior court for the counties of Providence and Bristol, and the matter shall be heard de novo in the superior court and decisions on issues of fact shall be in accordance with the preponderance of the evidence presented there. The court shall determine whether the order or decision of the commissioner shall be stayed pending the review. The court may, in disposing of the issue before it, modify, affirm, or reverse the order or decision of the commissioner in whole or in part. Appeal may be taken from the decision of the superior court to the supreme court, and the appeal shall follow the course of equity.History of Section.P.L. 1952, ch. 3003, § 17; G.L. 1956, § 27-17-26.
RI Gen L § 27-17-27 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-17 - Reciprocal Exchanges and Interinsurers|Section 27-17-27 - Severability.

§ 27-17-27. Severability.In the event any section, part, or provisions of this chapter is held to be illegal, that section, part, or provision shall not affect any other section, part, or provision of the chapter, but the remaining sections, parts, and provisions shall be and remain in full force and effect.History of Section.P.L. 1952, ch. 3003, § 19; G.L. 1956, § 27-17-27.
RI Gen L § 27-18-1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-18 - Accident and Sickness Insurance Policies|Section 27-18-1 - "Policy of accident and sickness insurance" construed.

§ 27-18-1. "Policy of accident and sickness insurance" construed."Policy of accident and sickness insurance," as used in this chapter, includes any policy or contract covering against loss resulting from sickness or from bodily injury or death by accident, or both.History of Section.P.L. 1956, ch. 3808, § 1; G.L. 1956, § 27-18-1.
RI Gen L § 27-18-2 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-18 - Accident and Sickness Insurance Policies|Section 27-18-2 - Form of policy.

§ 27-18-2. Form of policy.No policy of accident and sickness insurance shall be delivered or issued for delivery to any person in this state unless:(1) The entire money and other considerations for it are expressed in the policy;(2) The time at which the insurance takes effect and terminates is expressed in the policy;(3) It purports to insure only one person, except that a policy may insure, originally or by subsequent amendment, upon the application of an adult member of a family who shall be deemed the policyholder, any two (2) or more eligible members of that family, including husband, wife, dependent children or any children under a specified age which shall not exceed nineteen (19) years, and any other person dependent upon the policyholder;(4) The style, arrangement, and overall appearance of the policy give no undue prominence to any portion of the text, and unless every printed portion of the text of the policy and of any endorsements or attached papers is plainly printed in light faced type of a style in general use, the size of which shall be uniform and not less than ten-point with a lower case unspaced alphabet length not less than one hundred and twenty (120) point; the "text" shall include all printed matter except the name and address of the insurer, name or title of the policy, the brief description if any, and captions and subcaptions;(5) The exceptions and reductions of indemnity are set forth in the policy and, except those which are set forth in §§ 27-18-3 — 27-18-10 are printed, at the insurer's option, either included with the benefit provision to which they apply, or under an appropriate caption such as "EXCEPTIONS," or "EXCEPTIONS AND REDUCTIONS"; provided, that if an exception or reduction specifically applies only to a particular benefit of the policy, a statement of the exception or reduction shall be included with the benefit provision to which it applies;(6) Each form, including riders and endorsements, shall be identified by a form number in the lower left-hand corner of the first page of the form; and(7) It contains no provision purporting to make any portion of the charter, rules, constitution, or bylaws of the insurer a part of the policy unless the portion is set forth in full in the policy, except in the case of the incorporation of, or reference to, a statement of rates or classification of risks, or short rate table filed with the insurance commissioner, referred to in this chapter as "the commissioner."History of Section.P.L. 1956, ch. 3808, § 2; G.L. 1956, § 27-18-2.