R.I. Gen. Laws § 27-8-12
Current through 2024 Public Law 457
Whenever, through subrogation, an insurance company or its agent collects a casualty loss from a third party, that company or agent shall, from the funds collected, first pay to the insured the deductible portion of the casualty loss less the prorated share of subrogation expenses and only after this retain any funds in excess of the deductible portion of the recovery.
R.I. Gen. Laws § 27-8-12