§ 27-1-1 Site of principal office and records
§ 27-1-1.1 Telephone number – Toll free or collect
§ 27-1-2 Special stockholders’ meetings – Notice – Quorum
§ 27-1-2.1 Corporate governance standards
§ 27-1-3 Stock assessments to meet deficits
§ 27-1-4 Power of companies to comply with tax and license laws not held invalid
§ 27-1-5 Deposits with general treasurer to comply with laws of other states
§ 27-1-6 Holding of deposits – Income – Replacement
§ 27-1-7 Certificate of deposits
§ 27-1-8 Return of deposit on termination of business
§ 27-1-9 Examinations to ascertain market value of securities deposited – Deficiencies
§ 27-1-10 State not liable for deposits
§ 27-1-11 Visitation and examination of insurance companies
§ 27-1-12 Summons of witnesses – Obstruction or refusal to testify
§ 27-1-13 Citation for forfeiture of charter for unsafe practices
§ 27-1-14 Decree of forfeiture – Receiver
§ 27-1-15 Collection and distribution of assets by receiver – Reinsurance
§ 27-1-16 Powers of receiver – Removal and control by court
§ 27-1-16.1 Sale by receiver of charter and licenses
§ 27-1-16.2 Court approved settlements
§ 27-1-17 Stay of executions and process against company
§ 27-1-18 Limited injunction without receivership
§ 27-1-19 Declaration of forfeiture
§ 27-1-20 Temporary injunction
§ 27-1-21 Failure to deliver property or records to receiver
§ 27-1-22 Assessments by receiver of mutual company
§ 27-1-23 Plan for reorganization of company in receivership – Application for submission of plan to creditors and stockholders
§ 27-1-24 Meetings to approve reorganization plan – Filing of approved plan
§ 27-1-25 Decree approving reorganization plan – Binding effect
§ 27-1-26 Principles for classification of creditors and stockholders
§ 27-1-27 Severability
§ 27-1-28 Proxies, consents, and authorizations in respect to any equity security issued by a domestic insurer
§ 27-1-29 Reports of directors, officers, and principal shareholders
§ 27-1-30 Liability of directors, officers, and shareholders
§ 27-1-31 Prohibited sales of securities
§ 27-1-32 Exempted sales of dealers
§ 27-1-33 Exempted arbitrage transactions
§ 27-1-34 Definitions
§ 27-1-35 Companies not subject to securities regulations
§ 27-1-36 Regulations of “insider trading”
§ 27-1-37 Minimum capital and surplus requirement – Charters
§ 27-1-38 Acquisition of minority interests in subsidiary insurers
§ 27-1-39 Discrimination in rates prohibited
§ 27-1-40 Conversion to stock form of organization
§ 27-1-40.1 Mutual insurance holding companies
§ 27-1-42 Maximum amount of single risk
§ 27-1-43 Applicability
§ 27-1-44 Prohibition on the pledging of stock
§ 27-1-45 Determination of premium tax rate
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Terms Used In Rhode Island General Laws > Chapter 27-1 - Domestic Insurance Companies

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.
  • Fiduciary: A trustee, executor, or administrator.
  • in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Oath: A promise to tell the truth.
  • oath: includes affirmation; the word "sworn" includes affirmed; and the word "engaged" includes either sworn or affirmed. See Rhode Island General Laws 43-3-11
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Quorum: The number of legislators that must be present to do business.
  • seal: shall be construed to include an impression of the seal made with or without the use of wax or wafer on the paper. See Rhode Island General Laws 43-3-15
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Testify: Answer questions in court.
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8