Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 25 - LIFE AND ANNUITIES
Part 3 - Life Insurance Disclosure (formerly Insurance Regulation 27) (230-RICR-20-25-3)
Section 230-RICR-20-25-3.3 - Scope
Universal Citation: 230 RI Code of Rules 20 25 3.3
Current through September 18, 2024
A. Except for the exemptions specified in § 3.3(B) of this Part, this Part shall apply to any solicitation, negotiation or procurement of life insurance occurring within this state. This Part shall apply to any issuer of life insurance contracts including fraternal benefit societies.
B. This Part shall not apply to:
1. Individual and group
annuity contracts;
2. Credit life
insurance;
3. Group life
insurance;
4. Life insurance
policies issued in connection with pension and welfare plans as defined by and
which are subject to the federal Employee Retirement Income Security Act of
1974 (ERISA), 29 U.S.C.
§
1001 et seq. as amended; or
5. Variable life insurance under which the
amount or duration of the life insurance varies according to the investment
experience of a separate account.
Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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