230 R.I. Code R. 230-RICR-20-05-2.12

Current through December 3, 2024
Section 230-RICR-20-05-2.12 - Automatic Termination of Excess Automobile Policy

An excess automobile policy may provide that it shall automatically terminate if the primary policy terminates, whether by cancellation, non-renewal or otherwise and such an automatic termination provision shall not be deemed a cancellation or non-renewal for the purpose of this Part. As used in this Part, "excess automobile policy" means a policy which affords automobile bodily injury liability insurance and automobile property damage liability insurance restricted to a limit of liability in excess of that provided by another designated policy containing limits of liability which are at least equal to those required by the Financial Responsibility Law of Rhode Island.

230 R.I. Code R. 230-RICR-20-05-2.12

Amended effective 12/24/2019