Rhode Island General Laws 27-13.1-2. Definitions
The following terms, as used in this chapter, shall have the respective meanings hereinafter set forth:
(1) “Company” means a person engaging in or proposing or attempting to engage in any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory or taxing authority of the director;
(2) “Department” means the department of business regulation;
(3) “Director” means the director of the department of business regulation of this state or his or her designee;
(4) “Examiner” means an individual or firm having been authorized by the director to conduct an examination or financial analysis under this chapter;
(5) “Insurer” means any insurance company doing business in this state; and
(6) “Person” means an individual, aggregation of individuals, trust, association, partnership or corporation, or any affiliate thereof.
History of Section.
P.L. 1992, ch. 445, § 1; P.L. 2009, ch. 301, § 1; P.L. 2009, ch. 302, § 1.
Terms Used In Rhode Island General Laws 27-13.1-2
- Company: means a person engaging in or proposing or attempting to engage in any transaction or kind of insurance or surety business and any person or group of persons who may otherwise be subject to the administrative, regulatory or taxing authority of the director;
(2) "Department" means the department of business regulation;
(3) "Director" means the director of the department of business regulation of this state or his or her designee;
(4) "Examiner" means an individual or firm having been authorized by the director to conduct an examination or financial analysis under this chapter;
(5) "Insurer" means any insurance company doing business in this state; and
(6) "Person" means an individual, aggregation of individuals, trust, association, partnership or corporation, or any affiliate thereof. See Rhode Island General Laws 27-13.1-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6