Section 27-4.10-1. – Definitions.

§ 27-4.10-1. Definitions. As used in this chapter, the term: (1) “Agent” means a person who is the agent of record of a policy or who has a business relationship with the policyholder or insured. (2) “Commissioner” means the director of the department of business regulation and any assistant to the director. (3) “Insured” means […]

Section 27-4.10-2. – Notice.

§ 27-4.10-2. Notice. (a) The commissioner shall develop, and post on its website, a written notice to inform a policyholder of alternatives to the lapse or surrender of a policy, and of the policyholder’s rights, as an owner of the policy, that are related to the disposition of a policy. The notice must be developed […]