§ 31-47-2 Definitions. – As used in this chapter the term:
(1) "Accident" or "motor vehicle accident" means any accidentinvolving a motor vehicle which results in bodily injury to or death of anyperson, or damage to the property of any person in excess of five hundreddollars ($500).
(2) "Administrator " means the administrator of the divisionof motor vehicles in the department of revenue.
(3) "Commissioner" means the insurance commissioner of thisstate.
(4) "Dealer engaged in the business of leasing motorvehicles" means any person engaged in the business of regularly makingavailable, offering to make available, or arranging for another person to use amotor vehicle pursuant to a bailment, lease, or other contractual arrangement.
(5) "Driver" means every person who drives or is in actualphysical control of a motor vehicle.
(6) "Financial security bond" means for each motor vehicle abond executed by the owner and by a surety company duly authorized to transactbusiness in this state.
(7) "Financial security deposit" means for each motor vehiclethe deposit with the assistant director of seventy-five thousand dollars($75,000) in cash, or securities, such as may legally be purchased by savingsbanks or trust funds, of a market value of seventy-five thousand dollars($75,000).
(8) "License" includes any license, permit, or privilege tooperate a motor vehicle issued under the laws of this state including:
(i) Any temporary instruction permit or examiner's drivingpermit;
(ii) The privilege of any person to drive a motor vehiclewhether or not the person holds a valid license; or
(iii) Any nonresident's operating privilege.
(9) "Motor vehicle" means every vehicle required to displayregistration plates for operation upon public highways of this state.
(10) "Nonresident" means every person who is not a residentof this state.
(11) "Nonresident's operating privilege" means the privilegeconferred upon a nonresident by the laws of this state pertaining to theoperation by that person of a motor vehicle, or the use of a motor vehicleowned by that person, in this state.
(12) "Owner" means a person who holds the legal title of amotor vehicle. If a motor vehicle is the subject of an agreement forconditional sale or lease with the right of purchase upon performance of theconditions stated in the agreement and with an immediate right of possessionvested in the conditional vendee or lessee, the vendee or lessee is the owner.If a mortgagor of a motor vehicle is entitled to possession, the mortgagor isthe owner.
(13) "Owner's policy of liability insurance" means a policy:
(A) Affording coverage as defined in the minimum provisionsprescribed in a regulation which shall be promulgated by the commissioner. Thecommissioner, before promulgating the regulations or any amendments to them,shall consult with all insurers licensed to write automobile liabilityinsurance in this state and shall not prescribe minimum provisions which failto reflect the provisions of automobile liability insurance policies issuedwithin this state at the date of the regulation or amendment of it. Nothingcontained in regulation or in this chapter shall prohibit any insurer fromaffording coverage under an owner's policy of liability insurance more liberalthan that required by the minimum provisions. Every owner's policy of liabilityinsurance shall provide insurance subject to the regulation against loss fromthe liability imposed by law for damages, including damages for care and lossof services, because of bodily injury to or death of any person and injury toor destruction of property arising out of the ownership, maintenance, use, oroperation of a specific motor vehicle or motor vehicles within the state ofRhode Island or elsewhere in the United States in North America or the Dominionof Canada, subject to a limit, exclusive of interest and costs, with respect toeach motor vehicle of twenty-five thousand dollars ($25,000) because of bodilyinjury to or death of one person in any one accident, and subject to the limitfor one person, to a limit of fifty thousand dollars ($50,000) because ofbodily injury to or death of two (2) or more persons in any one accident, and alimit of twenty-five thousand dollars ($25,000) because of injury to ordestruction of property of others in any one accident, or seventy-five thousanddollars ($75,000) combined single limit. Any insurer authorized to issue anowner's policy of liability insurance as provided for in this chapter may,pending the issue of the policy, make an agreement to be known as a binder, ormay, in lieu of the policy, issue a renewal endorsement or evidence of renewalof an existing policy, each of which shall be construed to provide indemnity orprotection in like manner and to the same extent as the policy. The provisionsof this chapter shall apply to such binders, renewal endorsements, or evidencesof renewal; and
(B) In the case of a vehicle registered in this state, apolicy issued by an insurer duly authorized to transact business in this state;or
(C) In the case of a vehicle registered in another state inthe name of a nonresident, either a policy issued by an authorized insurer, ora policy issued by an unauthorized insurer authorized to transact business inthe state of the nonresident's residence if the unauthorized insurer files withthe commissioner in a form to be approved by him or her a statement consentingto service of process and declaring its policies shall be deemed to be variedto comply with the requirements of this chapter; and
(D) The form of which has been approved by the commissioner.
(ii) No such policy shall be issued or delivered in thisstate until a copy of the form of the policy shall have been on file with thecommissioner for at least thirty (30) days, unless sooner approved in writingby the commissioner, nor if within that period of thirty (30) days thecommissioner shall have notified the carrier in writing that in thecommissioner's opinion specifying the reasons for it, the form of the policydoes not comply with the laws of the state.
(14) "Person" includes every natural person, firm,partnership, association, or corporation.
(15) "Proof of financial security" means proof of ability torespond in damages for liability arising out of the ownership, maintenance, oruse of a motor vehicle as evidenced by an owner's policy of liabilityinsurance, a financial security bond, a financial security deposit, orqualification as a self insurer under this title, or in the case of anonresident, under self insurance provisions of the laws of the jurisdiction ofthat nonresident.
(16) "Registration" means registration certificates andregistration plates issued under the laws of this state pertaining to theregistration of motor vehicles.
(17) "Self insurer" means a person who shall have beendetermined by the assistant director in accordance with this title, to befinancially responsible.
(18) "State" when used in this chapter, unless the contextclearly indicates otherwise, means any state, territory, or possession of theUnited States, the District of Columbia, or any province of the Dominion ofCanada.
§ 31-47-2 Definitions. – As used in this chapter the term:
(1) "Accident" or "motor vehicle accident" means any accidentinvolving a motor vehicle which results in bodily injury to or death of anyperson, or damage to the property of any person in excess of five hundreddollars ($500).
(2) "Administrator " means the administrator of the divisionof motor vehicles in the department of revenue.
(3) "Commissioner" means the insurance commissioner of thisstate.
(4) "Dealer engaged in the business of leasing motorvehicles" means any person engaged in the business of regularly makingavailable, offering to make available, or arranging for another person to use amotor vehicle pursuant to a bailment, lease, or other contractual arrangement.
(5) "Driver" means every person who drives or is in actualphysical control of a motor vehicle.
(6) "Financial security bond" means for each motor vehicle abond executed by the owner and by a surety company duly authorized to transactbusiness in this state.
(7) "Financial security deposit" means for each motor vehiclethe deposit with the assistant director of seventy-five thousand dollars($75,000) in cash, or securities, such as may legally be purchased by savingsbanks or trust funds, of a market value of seventy-five thousand dollars($75,000).
(8) "License" includes any license, permit, or privilege tooperate a motor vehicle issued under the laws of this state including:
(i) Any temporary instruction permit or examiner's drivingpermit;
(ii) The privilege of any person to drive a motor vehiclewhether or not the person holds a valid license; or
(iii) Any nonresident's operating privilege.
(9) "Motor vehicle" means every vehicle required to displayregistration plates for operation upon public highways of this state.
(10) "Nonresident" means every person who is not a residentof this state.
(11) "Nonresident's operating privilege" means the privilegeconferred upon a nonresident by the laws of this state pertaining to theoperation by that person of a motor vehicle, or the use of a motor vehicleowned by that person, in this state.
(12) "Owner" means a person who holds the legal title of amotor vehicle. If a motor vehicle is the subject of an agreement forconditional sale or lease with the right of purchase upon performance of theconditions stated in the agreement and with an immediate right of possessionvested in the conditional vendee or lessee, the vendee or lessee is the owner.If a mortgagor of a motor vehicle is entitled to possession, the mortgagor isthe owner.
(13) "Owner's policy of liability insurance" means a policy:
(A) Affording coverage as defined in the minimum provisionsprescribed in a regulation which shall be promulgated by the commissioner. Thecommissioner, before promulgating the regulations or any amendments to them,shall consult with all insurers licensed to write automobile liabilityinsurance in this state and shall not prescribe minimum provisions which failto reflect the provisions of automobile liability insurance policies issuedwithin this state at the date of the regulation or amendment of it. Nothingcontained in regulation or in this chapter shall prohibit any insurer fromaffording coverage under an owner's policy of liability insurance more liberalthan that required by the minimum provisions. Every owner's policy of liabilityinsurance shall provide insurance subject to the regulation against loss fromthe liability imposed by law for damages, including damages for care and lossof services, because of bodily injury to or death of any person and injury toor destruction of property arising out of the ownership, maintenance, use, oroperation of a specific motor vehicle or motor vehicles within the state ofRhode Island or elsewhere in the United States in North America or the Dominionof Canada, subject to a limit, exclusive of interest and costs, with respect toeach motor vehicle of twenty-five thousand dollars ($25,000) because of bodilyinjury to or death of one person in any one accident, and subject to the limitfor one person, to a limit of fifty thousand dollars ($50,000) because ofbodily injury to or death of two (2) or more persons in any one accident, and alimit of twenty-five thousand dollars ($25,000) because of injury to ordestruction of property of others in any one accident, or seventy-five thousanddollars ($75,000) combined single limit. Any insurer authorized to issue anowner's policy of liability insurance as provided for in this chapter may,pending the issue of the policy, make an agreement to be known as a binder, ormay, in lieu of the policy, issue a renewal endorsement or evidence of renewalof an existing policy, each of which shall be construed to provide indemnity orprotection in like manner and to the same extent as the policy. The provisionsof this chapter shall apply to such binders, renewal endorsements, or evidencesof renewal; and
(B) In the case of a vehicle registered in this state, apolicy issued by an insurer duly authorized to transact business in this state;or
(C) In the case of a vehicle registered in another state inthe name of a nonresident, either a policy issued by an authorized insurer, ora policy issued by an unauthorized insurer authorized to transact business inthe state of the nonresident's residence if the unauthorized insurer files withthe commissioner in a form to be approved by him or her a statement consentingto service of process and declaring its policies shall be deemed to be variedto comply with the requirements of this chapter; and
(D) The form of which has been approved by the commissioner.
(ii) No such policy shall be issued or delivered in thisstate until a copy of the form of the policy shall have been on file with thecommissioner for at least thirty (30) days, unless sooner approved in writingby the commissioner, nor if within that period of thirty (30) days thecommissioner shall have notified the carrier in writing that in thecommissioner's opinion specifying the reasons for it, the form of the policydoes not comply with the laws of the state.
(14) "Person" includes every natural person, firm,partnership, association, or corporation.
(15) "Proof of financial security" means proof of ability torespond in damages for liability arising out of the ownership, maintenance, oruse of a motor vehicle as evidenced by an owner's policy of liabilityinsurance, a financial security bond, a financial security deposit, orqualification as a self insurer under this title, or in the case of anonresident, under self insurance provisions of the laws of the jurisdiction ofthat nonresident.
(16) "Registration" means registration certificates andregistration plates issued under the laws of this state pertaining to theregistration of motor vehicles.
(17) "Self insurer" means a person who shall have beendetermined by the assistant director in accordance with this title, to befinancially responsible.
(18) "State" when used in this chapter, unless the contextclearly indicates otherwise, means any state, territory, or possession of theUnited States, the District of Columbia, or any province of the Dominion ofCanada.
§ 31-47-2 Definitions. – As used in this chapter the term:
(1) "Accident" or "motor vehicle accident" means any accidentinvolving a motor vehicle which results in bodily injury to or death of anyperson, or damage to the property of any person in excess of five hundreddollars ($500).
(2) "Administrator " means the administrator of the divisionof motor vehicles in the department of revenue.
(3) "Commissioner" means the insurance commissioner of thisstate.
(4) "Dealer engaged in the business of leasing motorvehicles" means any person engaged in the business of regularly makingavailable, offering to make available, or arranging for another person to use amotor vehicle pursuant to a bailment, lease, or other contractual arrangement.
(5) "Driver" means every person who drives or is in actualphysical control of a motor vehicle.
(6) "Financial security bond" means for each motor vehicle abond executed by the owner and by a surety company duly authorized to transactbusiness in this state.
(7) "Financial security deposit" means for each motor vehiclethe deposit with the assistant director of seventy-five thousand dollars($75,000) in cash, or securities, such as may legally be purchased by savingsbanks or trust funds, of a market value of seventy-five thousand dollars($75,000).
(8) "License" includes any license, permit, or privilege tooperate a motor vehicle issued under the laws of this state including:
(i) Any temporary instruction permit or examiner's drivingpermit;
(ii) The privilege of any person to drive a motor vehiclewhether or not the person holds a valid license; or
(iii) Any nonresident's operating privilege.
(9) "Motor vehicle" means every vehicle required to displayregistration plates for operation upon public highways of this state.
(10) "Nonresident" means every person who is not a residentof this state.
(11) "Nonresident's operating privilege" means the privilegeconferred upon a nonresident by the laws of this state pertaining to theoperation by that person of a motor vehicle, or the use of a motor vehicleowned by that person, in this state.
(12) "Owner" means a person who holds the legal title of amotor vehicle. If a motor vehicle is the subject of an agreement forconditional sale or lease with the right of purchase upon performance of theconditions stated in the agreement and with an immediate right of possessionvested in the conditional vendee or lessee, the vendee or lessee is the owner.If a mortgagor of a motor vehicle is entitled to possession, the mortgagor isthe owner.
(13) "Owner's policy of liability insurance" means a policy:
(A) Affording coverage as defined in the minimum provisionsprescribed in a regulation which shall be promulgated by the commissioner. Thecommissioner, before promulgating the regulations or any amendments to them,shall consult with all insurers licensed to write automobile liabilityinsurance in this state and shall not prescribe minimum provisions which failto reflect the provisions of automobile liability insurance policies issuedwithin this state at the date of the regulation or amendment of it. Nothingcontained in regulation or in this chapter shall prohibit any insurer fromaffording coverage under an owner's policy of liability insurance more liberalthan that required by the minimum provisions. Every owner's policy of liabilityinsurance shall provide insurance subject to the regulation against loss fromthe liability imposed by law for damages, including damages for care and lossof services, because of bodily injury to or death of any person and injury toor destruction of property arising out of the ownership, maintenance, use, oroperation of a specific motor vehicle or motor vehicles within the state ofRhode Island or elsewhere in the United States in North America or the Dominionof Canada, subject to a limit, exclusive of interest and costs, with respect toeach motor vehicle of twenty-five thousand dollars ($25,000) because of bodilyinjury to or death of one person in any one accident, and subject to the limitfor one person, to a limit of fifty thousand dollars ($50,000) because ofbodily injury to or death of two (2) or more persons in any one accident, and alimit of twenty-five thousand dollars ($25,000) because of injury to ordestruction of property of others in any one accident, or seventy-five thousanddollars ($75,000) combined single limit. Any insurer authorized to issue anowner's policy of liability insurance as provided for in this chapter may,pending the issue of the policy, make an agreement to be known as a binder, ormay, in lieu of the policy, issue a renewal endorsement or evidence of renewalof an existing policy, each of which shall be construed to provide indemnity orprotection in like manner and to the same extent as the policy. The provisionsof this chapter shall apply to such binders, renewal endorsements, or evidencesof renewal; and
(B) In the case of a vehicle registered in this state, apolicy issued by an insurer duly authorized to transact business in this state;or
(C) In the case of a vehicle registered in another state inthe name of a nonresident, either a policy issued by an authorized insurer, ora policy issued by an unauthorized insurer authorized to transact business inthe state of the nonresident's residence if the unauthorized insurer files withthe commissioner in a form to be approved by him or her a statement consentingto service of process and declaring its policies shall be deemed to be variedto comply with the requirements of this chapter; and
(D) The form of which has been approved by the commissioner.
(ii) No such policy shall be issued or delivered in thisstate until a copy of the form of the policy shall have been on file with thecommissioner for at least thirty (30) days, unless sooner approved in writingby the commissioner, nor if within that period of thirty (30) days thecommissioner shall have notified the carrier in writing that in thecommissioner's opinion specifying the reasons for it, the form of the policydoes not comply with the laws of the state.
(14) "Person" includes every natural person, firm,partnership, association, or corporation.
(15) "Proof of financial security" means proof of ability torespond in damages for liability arising out of the ownership, maintenance, oruse of a motor vehicle as evidenced by an owner's policy of liabilityinsurance, a financial security bond, a financial security deposit, orqualification as a self insurer under this title, or in the case of anonresident, under self insurance provisions of the laws of the jurisdiction ofthat nonresident.
(16) "Registration" means registration certificates andregistration plates issued under the laws of this state pertaining to theregistration of motor vehicles.
(17) "Self insurer" means a person who shall have beendetermined by the assistant director in accordance with this title, to befinancially responsible.
(18) "State" when used in this chapter, unless the contextclearly indicates otherwise, means any state, territory, or possession of theUnited States, the District of Columbia, or any province of the Dominion ofCanada.
