§ 27-29-17.1. Definitions.
For the purpose of §§ 27-29-17 — 27-29-17.4:
(1) “Commissioner” means the commissioner of insurance.
(2) “Expiration date” means the date upon which coverage under a policy ends. It also means, for a policy written for a term longer than one year or with no fixed expiration date, each annual anniversary date of such policy.
(3) “Nonrenewal” means termination of a policy at its expiration date.
(4) “Renewal” or “to renew” means the issuance of or the offer by an insurer to issue a policy succeeding a policy previously issued and delivered by the same insurer or an insurer within the same group of insurers, or the issuance of a certificate or notice extending the term of an existing policy for a specified period beyond its expiration date.
History of Section.
P.L. 2003, ch. 231, § 1; P.L. 2003, ch. 251, § 1; P.L. 2008, ch. 475, § 88.