Fire Insurance Policies and Reserves

SECTION 27-5-9.1

§ 27-5-9.1. Simplified comprehensive policies of insurance.

Simplified policies of insurance providing broad coverage of all or various combinations of risks may be approved by the director of business regulation and issued by insurers notwithstanding those provisions of any other law which specify the contents of insurance policies; provided, that those policies contain provisions assuring to policyholders and claimants protection not less favorable than they would be entitled to under § 27-5-3 or a substantially similar policy which is not subject to this section.

History of Section.
(P.L. 1979, ch. 48, § 2.)