Life Insurance Policies and Reserves
§ 27-4-13 Deprivation of court
jurisdiction Limitation of actions.
No life insurance company and no officer or insurance producer of the company
shall make, issue, or deliver any policy or contract of insurance containing
any condition, stipulation, or agreement depriving the courts of the state of
jurisdiction of actions against it, nor limiting the time for commencing any
action at law or in equity against it to a period of less than three (3) years
from the time when the cause of action shall accrue.
History of Section.
(P.L. 1931, ch. 1757, § 15; G.L. 1938, ch. 153, § 15; G.L. 1956,