§ 27-17-1 Admission of foreign exchanges and interinsurers
§ 27-17-2 Power of subscribers to exchange reciprocal and interinsurance contracts
§ 27-17-3 Execution by attorney – Office in state
§ 27-17-4 Declaration filed by attorney – Requirements for admission
§ 27-17-5 Service of process
§ 27-17-6 Certificate of authority to do business
§ 27-17-7 Reinsurance reserve
§ 27-17-8 “Net premium deposits” defined
§ 27-17-9 Contingent reserve
§ 27-17-10 Claim or loss reserve
§ 27-17-11 Advance of funds for reserves – Maintenance
§ 27-17-12 Deficiencies in reserves
§ 27-17-13 Certificate of deposit by foreign exchange or interinsurer
§ 27-17-14 Cash premium deposit and contingent liability of subscriber
§ 27-17-15 Reports and examination of affairs of exchanges
§ 27-17-16 Penalty for doing business without compliance
§ 27-17-17 Permits to solicit powers of attorney and applications
§ 27-17-18 Insertion of provisions in standard policies
§ 27-17-19 Fees and taxes
§ 27-17-20 Applicability of insurance producers’ laws
§ 27-17-21 Applicability of rating laws
§ 27-17-22 Maximum liability on policy
§ 27-17-23 Exchange of workers’ compensation insurance
§ 27-17-24 Retaliatory laws
§ 27-17-25 Hearings on rules and decisions of commissioner
§ 27-17-26 Judicial review of orders and decisions of commissioner
§ 27-17-27 Severability
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Terms Used In Rhode Island General Laws > Chapter 27-17 - Reciprocal Exchanges and Interinsurers

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • 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.
  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • 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
  • 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
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Service of process: The service of writs or summonses to the appropriate party.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8