Statutes, codes, and regulations
Rhode Island Administrative Code
Title 230 - Department of Business RegulationChapter 20 - InsuranceSubchapter 05 - Personal Lines - Automobile and Homeowners Insurance
Part 12 - Municipal Liens on Fire Insurance Proceeds
Section 230-RICR-20-05-12.5 - Escrow Accounts

230 R.I. Code R. 230-RICR-20-05-12.5

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Current through December 3, 2024
Section 230-RICR-20-05-12.5 - Escrow Accounts

For the purpose of the implementation of this statute, all escrow accounts subject to the jurisdiction of the Municipal Liens on Fire Insurance Proceeds law shall be segregated by loss, and the insured and the taxing jurisdiction shall be notified of the creation of the escrow account by the insurance carrier.

230 R.I. Code R. 230-RICR-20-05-12.5