An insurer that provides an insurance binder is obligated to provide the coverage according to the terms of such binder until the insurer issues the insurance policy or cancels the binder.
R.I. Gen. Laws § 27-9.4-4
Insurer obligations
Known as the Model Act
The act spans §§ 27-9.4-1 to 27-9.4-5 (5 sections).
P.L. 2013, ch. 19, § 1; P.L. 2013, ch. 22, § 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.