The purpose of this chapter is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and to the extent provided in this chapter, minimize financial loss to claimants or policyholders because of the insolvency of an insurer, and to provide an association to assess the cost of such protection among insurers.
R.I. Gen. Laws § 27-34-2
Purpose
Known as the Rhode Island Property & Casualty Insurance Guaranty Association Act
The act spans §§ 27–27 (30 sections).
Applied in 3 court decisions — leading case 811 F. Supp. 54 - Metropolitan Property & Casualty Insurance v. Rhode Island Insurer's Insolvency Fund (1993)
Most recently applied in 892 F. Supp. 370 - United States v. Rhode Island Insurers' Insolvency Fund (July 1995)
P.L. 1988, ch. 407, § 2; P.L. 2010, ch. 91, § 1; P.L. 2010, ch. 117, § 1.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.