230 R.I. Code R. 230-RICR-20-05-12.3

Current through December 3, 2024

Section 230-RICR-20-05-12.3 - Applicability

A. Pursuant to R.I. Gen. Laws § 45-47-6, the Municipal Liens on Fire Insurance Proceeds law is applicable to claims arising on all property, including residential, commercial, or industrial buildings or structures, regardless of the occupancy status at the time of the fire or explosion loss; provided, that this chapter does not apply to owner-occupied one-to four-family dwellings

B. All policies issued after January 1, 1983, are required to include a summary of the municipal liens on fire insurance proceeds law.

C. In the event of a claim for ten thousand dollars ($10,000) or more, the insurer shall provide the claimsperson with copies of the certificate of municipal liens.

230 R.I. Code R. 230-RICR-20-05-12.3