Terms Used In Rhode Island General Laws > Chapter 27-47 - Criminal Sanctions for Failure to Report Impairment

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Commissioner: means the commissioner of insurance or the commissioner's equivalent of the state of domicile of any insurer. See Rhode Island General Laws 27-47-1
• Conviction: A judgement of guilt against a criminal defendant.
• Impaired: is a financial situation in which the assets of an insurer are less than the sum of the insurer's minimum required capital, minimum required surplus, and all liabilities as determined in accordance with the requirements for the preparation and filing of the annual statement of an insurer under chapter 12 of this title. See Rhode Island General Laws 27-47-1
• 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
• Insurer: means any insurance company or other insurer licensed to do business in this state. See Rhode Island General Laws 27-47-1
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
• Trustee: A person or institution holding and administering property in trust.