§ 27-34-2 Purpose. –
The purpose of this chapter is to provide a mechanism for the payment of
covered claims under certain insurance policies to avoid excessive delay in
payment and to the extent provided in this chapter, minimize financial loss to
claimants or policyholders because of the insolvency of an insurer, and to
provide an association to assess the cost of such protection among insurers.
(P.L. 1988, ch. 407, § 2; P.L. 2010, ch. 91, § 1; P.L. 2010, ch. 117,
§ 1.)