§ 19-14.2-3 - Unemployment insurance defined. - Rhode-island Statutes

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Statutes > Rhode-island > Title-19 > Chapter-19-14-2 > 19-14-2-3

SECTION 19-14.2-3

§ 19-14.2-3 Unemployment insurancedefined. – For the purposes of this chapter, involuntary unemployment insurance coverageshall not be a factor in the approval by the small loan lender of any loan. Thesmall loan lender shall give and maintain specific written indication that thecost of this coverage is disclosed to the debtor, that the coverage is not acondition for the extension of credit and that the debtor voluntarily desiresthe coverage. The debtor shall be given written notice of his or her right tocancel within thirty (30) days of the receipt of the insurance policy and thatthe cancellation will result in a full refund of any premiums paid.Unemployment resulting from a labor dispute shall be deemed involuntaryunemployment.

State Codes and Statutes

Statutes > Rhode-island > Title-19 > Chapter-19-14-2 > 19-14-2-3

SECTION 19-14.2-3

§ 19-14.2-3 Unemployment insurancedefined. – For the purposes of this chapter, involuntary unemployment insurance coverageshall not be a factor in the approval by the small loan lender of any loan. Thesmall loan lender shall give and maintain specific written indication that thecost of this coverage is disclosed to the debtor, that the coverage is not acondition for the extension of credit and that the debtor voluntarily desiresthe coverage. The debtor shall be given written notice of his or her right tocancel within thirty (30) days of the receipt of the insurance policy and thatthe cancellation will result in a full refund of any premiums paid.Unemployment resulting from a labor dispute shall be deemed involuntaryunemployment.

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State Codes and Statutes

Statutes > Rhode-island > Title-19 > Chapter-19-14-2 > 19-14-2-3

SECTION 19-14.2-3

§ 19-14.2-3 Unemployment insurancedefined. – For the purposes of this chapter, involuntary unemployment insurance coverageshall not be a factor in the approval by the small loan lender of any loan. Thesmall loan lender shall give and maintain specific written indication that thecost of this coverage is disclosed to the debtor, that the coverage is not acondition for the extension of credit and that the debtor voluntarily desiresthe coverage. The debtor shall be given written notice of his or her right tocancel within thirty (30) days of the receipt of the insurance policy and thatthe cancellation will result in a full refund of any premiums paid.Unemployment resulting from a labor dispute shall be deemed involuntaryunemployment.