Rhode Island § 27-47-2 - Criminal Sanctions for Failure to Report Impairment
Full text of Rhode Island Rhode Island General Laws § 27-47-2 — Criminal Sanctions for Failure to Report Impairment, with citation guidance and answers to common questions.
§ 27-47-2. Criminal Sanctions for Failure to Report Impairment
R.I. Gen. Laws § 27-47-2
§ 27-47-2. Duty to notify.
(a) Whenever a chief executive officer of an insurer knows or has reason to know that an insurer is impaired, he or she shall notify the commissioner, in writing, of the impairment as soon as reasonably possible, but in no event later than fifteen (15) days after the chief executive officer knows or has reason to know of the impairment, and shall also notify, in writing, all of the board of directors or trustees of the insurer within the same time period.
(b) Any officer, director, or trustee of an insurer shall notify the person serving as chief executive officer of the impairment of the insurer in the event the officer, director, or trustee knows or has reason to know that the insurer is impaired.
History of Section.
P.L. 1991, ch. 348, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 27-47-2
What does Rhode Island General Laws § 27-47-2 cover?
Section 27-47-2 ("Criminal Sanctions for Failure to Report Impairment") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 27-47-2?
A common citation format is "Rhode Island General Laws § 27-47-2" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 27-47-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.