Insurance Regulation 27 Life Insurance Disclosure


230-RICR-20-25-3 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 20 Insurance
Subchapter 25 Life and Annuities
Part 3 Insurance Regulation 27 Life Insurance Disclosure
Type of Filing Technical Revision
Regulation Status Inactive
Effective 02/20/2006 to 01/28/2018

Regulation Authority:

R.I. Gen. Laws §§ 27-29-4(1), 27-4-23 and 42-35-1(8).

Purpose and Reason:

The purpose of this Regulation is to require insurers to deliver to purchasers of life insurance, information which will improve the buyer's ability to select the most appropriate plan of life insurance for his needs and improve the buyer's understanding of the basic features of the policy which has been purchased or which is under consideration.