§ 27-33-2 - Participation. - Rhode-island Statutes

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Statutes > Rhode-island > Title-27 > Chapter-27-33 > 27-33-2

SECTION 27-33-2

§ 27-33-2 Participation. – Each domestic insurer and all insurers licensed to write those classes ofinsurance listed in §§ 27-8-1 and 27-8-3 in the state, on a directbasis, shall participate in the basic property insurance and placement programestablished in this state in furtherance of 12 U.S.C. § 1749bbb et seq.,commonly known as the FAIR (Fair Access to Insurance Requirements) plan.Failure to comply with this provision may be grounds for revocation,suspension, or nonrenewal of any license.

State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-33 > 27-33-2

SECTION 27-33-2

§ 27-33-2 Participation. – Each domestic insurer and all insurers licensed to write those classes ofinsurance listed in §§ 27-8-1 and 27-8-3 in the state, on a directbasis, shall participate in the basic property insurance and placement programestablished in this state in furtherance of 12 U.S.C. § 1749bbb et seq.,commonly known as the FAIR (Fair Access to Insurance Requirements) plan.Failure to comply with this provision may be grounds for revocation,suspension, or nonrenewal of any license.

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State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-33 > 27-33-2

SECTION 27-33-2

§ 27-33-2 Participation. – Each domestic insurer and all insurers licensed to write those classes ofinsurance listed in §§ 27-8-1 and 27-8-3 in the state, on a directbasis, shall participate in the basic property insurance and placement programestablished in this state in furtherance of 12 U.S.C. § 1749bbb et seq.,commonly known as the FAIR (Fair Access to Insurance Requirements) plan.Failure to comply with this provision may be grounds for revocation,suspension, or nonrenewal of any license.