Section 230-RICR-20-60-1.2 - DefinitionsA. As used in this Part: 1. "Affiliate" has the same meaning as defined in R.I. Gen. Laws § 27-35-1.2. "Closed-end credit" means a credit transaction that does not meet the definition of open-end credit.3. "Control" has the same meaning as defined in R.I. Gen. Laws § 27-35-1.4. "Evidence of individual insurability" means a statement furnished by the debtor, as a condition of insurance becoming effective that relates specifically to the health status or to the health or medical history of the debtor.5. "Loss ratio" means incurred claims divided by the sum of earned premiums and imputed interest earned on unearned premiums.6. "Open-end credit" means credit extended by a creditor under an agreement in which: a. The creditor reasonably contemplates repeated transactions;b. The creditor imposes a finance charge from time to time on an outstanding unpaid balance; andc. The amount of credit that may be extended to the debtor during the term of the agreement (up to any limit set by the creditor) is generally made available to the extent that any outstanding balance is repaid.7. "Person" has the same meaning as defined in R.I. Gen. Laws § 27-35-1.8. "Preexisting condition" means any condition for which the insured debtor received medical advice, consultation or treatment within six (6) months before the effective date of the coverage and from which the insured debtor becomes disabled within six (6) months after the effective date of this coverage.230 R.I. Code R. 230-RICR-20-60-1.2