§ 27-20.7-4 - Payments to administrator. - Rhode-island Statutes

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Statutes > Rhode-island > Title-27 > Chapter-27-20-7 > 27-20-7-4

SECTION 27-20.7-4

§ 27-20.7-4 Payments to administrator.– If an insurer utilizes the services of an administrator, the payment to theadministrator of any premiums or charges for insurance by or on behalf of theinsured party shall be deemed to have been received by the insurer, and thepayment of return premiums or claim payments forwarded by the insurer to theadministrator shall not be deemed to have been paid to the insured party orclaimant until the payments are received by the insured party or claimant.Nothing in this section limits any right of the insurer against theadministrator resulting from the failure of the administrator to make paymentsto the insurer, insured parties or claimants.

State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-20-7 > 27-20-7-4

SECTION 27-20.7-4

§ 27-20.7-4 Payments to administrator.– If an insurer utilizes the services of an administrator, the payment to theadministrator of any premiums or charges for insurance by or on behalf of theinsured party shall be deemed to have been received by the insurer, and thepayment of return premiums or claim payments forwarded by the insurer to theadministrator shall not be deemed to have been paid to the insured party orclaimant until the payments are received by the insured party or claimant.Nothing in this section limits any right of the insurer against theadministrator resulting from the failure of the administrator to make paymentsto the insurer, insured parties or claimants.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-20-7 > 27-20-7-4

SECTION 27-20.7-4

§ 27-20.7-4 Payments to administrator.– If an insurer utilizes the services of an administrator, the payment to theadministrator of any premiums or charges for insurance by or on behalf of theinsured party shall be deemed to have been received by the insurer, and thepayment of return premiums or claim payments forwarded by the insurer to theadministrator shall not be deemed to have been paid to the insured party orclaimant until the payments are received by the insured party or claimant.Nothing in this section limits any right of the insurer against theadministrator resulting from the failure of the administrator to make paymentsto the insurer, insured parties or claimants.