§ 27-53.1-1 Purpose.
This chapter provides for the regulation of the transfer and novation of
contracts of insurance by way of assumption reinsurance. It defines assumption
reinsurance and establishes notice and disclosure requirements which protect
and define the rights and obligations of policyholders, regulators, and the
parties to assumption reinsurance agreements.
History of Section.
(P.L. 1996, ch. 188, § 21.)