230 R.I. Code R. 230-RICR-20-25-12.2

Current through December 3, 2024
Section 230-RICR-20-25-12.2 - Scope
A. This Part applies to preneed insurance contracts, as defined in this Part, and to similar policies and certificates.
B. The definition of preneed insurance is not well defined. The definition in this model regulation is based on policies used in the study that determined the 2001 CSO was inappropriate for determining reserves for policies used to fund funeral services and expenses. The commissioner shall have the authority to determine what constitutes similar policies and certificates.

230 R.I. Code R. 230-RICR-20-25-12.2