This chapter shall not apply to any insurer that is insolvent or unable to fulfill its contractual obligations prior to January 1, 1996, and any such insurer shall be subject to the provisions under chapter 34.1 [repealed] of this title. Nothing in this chapter shall be construed to require an insurer to recompute its assessment bases for any year prior to January 1, 2005, and any assessment bases computed between January 1, 1966, and December 31, 2004, are hereby acknowledged and recognized as factual on the basis of premium date collected from or reported by member insurers with respect to those years.
R.I. Gen. Laws § 27-34.3-20
Prospective application
Known as the Rhode Island Life and Health Insurance Guaranty Association Act
The act spans §§ 27-34.3-1 to 27-34.3-9 (20 sections).
P.L. 1995, ch. 114, § 1; P.L. 2004, ch. 39, § 1; P.L. 2004, ch. 44, § 1.
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.