R.I. Gen. Laws § 27-4-26: Interest upon proceeds of life insurance policies.
Where this section sits in the code
- Title 27 Insurance
- Chapter 4 Life Insurance Policies and Reserves
An insurer of a life insurance contract or annuity contract shall pay to the beneficiary or policyholder, respectively, interest on the proceeds at the rate of nine percent (9%) per annum from the date of the death of an insured or annuitant in connection with a death claim on a life insurance policy or annuity contract and from the date of maturity of an endowment contract to the date of payment and the interest shall be added to and be a part of the total sum paid.
Collected 2026-09-05T19:57:21Z. Source file · JSON