§ 27-34-6 Creation of the association.
There is created a nonprofit unincorporated legal entity to be known as the
"Rhode Island Property & Casualty Insurance Guaranty Association", such entity
formerly known as the "Rhode Island insurers' insolvency fund". All insurers
defined as member insurers in subdivision 27-34-5(12) shall be and remain
members of the association as a condition of their authority to transact
insurance in this state. The association shall perform its functions under a
plan of operation established and approved under § 27-34-9 and shall
exercise its powers through a board of directors established under §
27-34-7. For the purposes of administration and assessment, there shall be
three (3) separate accounts: (1) the workers' compensation insurance account;
(2) the automobile insurance account; and (3) the account for all other
insurance to which this chapter applies.
(P.L. 1988, ch. 407, § 2; P.L. 2010, ch. 91, § 1; P.L. 2010, ch. 117, § 1.)