§27-9-17  Disapproval of special surety or guaranty filing. –

Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Get a Day Pass for only USD$49.99.



Casualty Insurance Rating

SECTION 27-9-17

   § 27-9-17  Disapproval of special surety or

guaranty filing. –

If, within thirty (30) days after a special surety or guaranty filing subject

to § 27-9-11 has become effective, the commissioner finds that the filing

does not meet the requirements of this chapter, the commissioner shall send to

the insurer or rating organization which made the filing written notice of

disapproval of the filing specifying in the notice in what respects he or she

finds that the filing fails to meet the requirements of this chapter and

stating when, within a reasonable period after this, the filing shall be deemed

no longer effective. That disapproval shall not affect any contract made or

issued prior to the expiration of the period set forth in the notice.

History of Section.

(P.L. 1948, ch. 2089, § 5; G.L. 1956, § 27-9-17.)