§ 27-5-1 Standard fire insurance policy
§ 27-5-2 Compliance with standard policy required
§ 27-5-3 Form of standard policy
§ 27-5-3.1 Exclusion – Nuclear damage
§ 27-5-3.2 Property insurance
§ 27-5-3.3 Resident agent – Banks
§ 27-5-3.4 Cancellation or nonrenewal of standard fire insurance policy
§ 27-5-3.5 Earthquake coverage endorsement for property insurance
§ 27-5-3.6 Notice concerning flood insurance
§ 27-5-3.8 Rhode Island commission on hurricane loss projection methodology
§ 27-5-3.9 Vacant property
§ 27-5-4 Items shown at head of policy
§ 27-5-5 Inclusion of regulations of mutual insurer
§ 27-5-6 Binders and temporary insurance
§ 27-5-6.1 Notice concerning single interest hazard insurance
§ 27-5-6.2 Escrow accounts for insurance premiums
§ 27-5-7 Combination standard form
§ 27-5-8 Supplemental contract forms
§ 27-5-9 Standard form not required for reinsurance
§ 27-5-9.1 Simplified comprehensive policies of insurance
§ 27-5-10 Penalty for nonconforming policy – Validity
§ 27-5-11 Enforcement of standard policy requirements
§ 27-5-12 Declination of premium notes by mutual companies – Provision as to liability
§ 27-5-13 Mutual membership not acquired by reinsurance
§ 27-5-14 Reinsurance by mutual insurers – Agreements with policyholders
§ 27-5-15 Power to create guaranty surplus and special reserve funds
§ 27-5-16 Resolution to establish surplus and reserve funds – Certification of funds
§ 27-5-17 Restrictions on dividends – Payments into surplus and reserve funds
§ 27-5-18 Computation of profits
§ 27-5-19 Certification that funds equal capital stock – Subsequent additions
§ 27-5-20 Investment of guaranty surplus fund – Liability to payment of losses
§ 27-5-21 Deposit of special reserve fund
§ 27-5-22 Application of special reserve fund to protection of policyholders
§ 27-5-23 Annual statement of amounts of funds
§ 27-5-24 Maintenance of surplus fund equal to reserve fund
§ 27-5-25 Use of special reserve fund to replace capital stock
§ 27-5-26 Physical assets for protection of policyholders
§ 27-5-27 Making up of impairments of capital
§ 27-5-28 Maximum single risk insured
§ 27-5-29 Statement on policy as to surplus and reserve funds
§ 27-5-30 Funds established under prior law
§ 27-5-31 Termination of surplus and reserve fund method – Return of special reserve fund
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Terms Used In Rhode Island General Laws > Chapter 27-5 - Fire Insurance Policies and Reserves

  • 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.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • 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.
  • Fraud: Intentional deception resulting in injury to another.
  • 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
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • 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
  • Personal property: All property that is not real property.
  • real estate: may be construed to include lands, tenements, and hereditaments and rights thereto and interests therein. See Rhode Island General Laws 43-3-10
  • Service of process: The service of writs or summonses to the appropriate party.
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8