Rhode Island Life and Health Insurance Guaranty Association Act

What this document is

R.I. Gen. Laws Title 27, Chapter 34.3: Rhode Island Life and Health Insurance Guaranty Association Act is a state statute published by webserver.rilegislature.gov. It is one of the Rhode Island documents that insurance license exam questions are written from, including rhode island life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• R.I. Gen. Laws tit. 27 § 27-34.3-3(a)(2) (Coverage and limitations: persons covered)

  “To persons who are owners of or certificate holders under the policies or contracts (other than unallocated annuity contracts, and structured settlement annuities) and in each case who: (i) Are residents; or (ii) Are not residents, but only under all of the following conditions: (A) The insurer...”

• R.I. Gen. Laws tit. 27 § 27-34.3-3(b)(2)(i) (Coverage and limitations: exclusions)

  “This chapter shall not provide coverage for: (i) A portion of a policy or contract not guaranteed by the insurer, or under which the risk is borne by the policy or contract owner;”

• R.I. Gen. Laws tit. 27 § 27-34.3-19(a) (Prohibited advertisement of guaranty association act in insurance sales)

  “The use of the protection afforded by this chapter, other than as provided by this section, by any person in the sale, marketing, or advertising of insurance constitutes unfair methods of competition and unfair or deceptive acts or practices under chapter 29 of this title and is subject to the...”

• R.I. Gen. Laws tit. 27 § 27-34.3-8(c) (Powers and duties: nonpayment of premiums)

  “Nonpayment of premiums within thirty-one (31) days after the date required under the terms of any guaranteed, assumed, alternative, or reissued policy or contract or substitute coverage shall terminate the association’s obligations under the policy or coverage under this chapter with respect to the...”

• R.I. Gen. Laws tit. 27 § 27-34.3-8(b)(2)(iv)(B) (Powers and duties: substitute coverage)

  “Alternative or reissued policies shall be offered without requiring evidence of insurability, and shall not provide for any waiting period or exclusion that would not have applied under the terminated policy.”

• R.I. Gen. Laws § 27-34.3-19(b) (Rhode Island Life and Health Insurance Guaranty Association Act, notice to policy owners)

  “(b) The association shall prepare a summary document describing the general purposes and current limitations of this chapter in compliance with subsection (c) of this section. This document shall be submitted to the commissioner for approval. At the expiration of the sixty (60) days after the date...”

• R.I. Gen. Laws § 27-34.3-8(k)(1) (Powers and duties of the association, subrogation and assignment)

  “(k)(1) A person receiving benefits under this chapter shall be deemed to have assigned the rights under, and any causes of action against any person for losses arising under, resulting from, or otherwise relating to, the covered policy or contract to the association to the extent of the benefits...”

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More Rhode Island sources

• General Laws of Rhode Island § 27-29-4 - Unfair methods of competition and unfair or deceptive acts or practices definedState statute
• R.I. Gen. Laws Title 27, Chapter 18: Accident and Sickness Insurance PoliciesState statute
• R.I. Gen. Laws Title 27, Chapters 2, 9.4, 13.1 and 16: Foreign Insurance Companies; Insurance Binders as Evidence of Coverage; Examinations; Unauthorized Insurance BusinessState statute
• R.I. Gen. Laws Title 27, Chapters 18.6 and 50: Large Group Health Insurance Coverage and the Small Employer Health Insurance Availability ActState statute
• R.I. Gen. Laws Title 27, Chapters 4.8 and 37: Group Life Insurance and Cancellation of Group InsuranceState statute
• R.I. Gen. Laws Title 27, Chapters 4, 4.3, 4.4, 4.9 and 4.10: Life Insurance Policies and Reserves; Standard Nonforfeiture Law for Life Insurance; Standard Nonforfeiture Law for Individual Deferred Annuities; Beneficiaries' Bill of Rights; Mandatory Disclosure of Alternatives to Lapse or SurrenderState statute
• R.I. Gen. Laws Title 27, Chapters 18.2 and 34.2: Medicare Supplement Insurance Policies and Long-Term Care InsuranceState statute
• R.I. Gen. Laws Title 27, Chapters 2.4, 3.2 and 10: Producer Licensing Act, Continuing Education Requirements, and Claim AdjustersState statute