Rhode Island § 27-72-8 - Life Settlements Act
Full text of Rhode Island Rhode Island General Laws § 27-72-8 — Life Settlements Act, with citation guidance and answers to common questions.
§ 27-72-8. Life Settlements Act
R.I. Gen. Laws § 27-72-8
§ 27-72-8. Advertising.
(a) A broker or provider licensed pursuant to this chapter may conduct or participate in advertisements within this state. Such advertisements shall comply with all Rhode Island advertising and marketing laws or rules and regulations promulgated by the commissioner that are applicable to life insurers or to brokers, and providers licensed pursuant to this chapter.
(b) Advertisements shall be accurate, truthful, and not misleading in fact or by implication.
(c) No person or trust shall:
(1) Directly or indirectly, market, advertise, solicit, or otherwise promote the purchase of a policy for the sole purpose of or with an emphasis on settling the policy; or
(2) Use the words “free,” “no cost” or words of similar import in the marketing, advertising, soliciting, or otherwise promoting of the purchase of a policy.
(d) The commissioner is authorized to contract with outside consultants to review advertisements and the total cost of that review shall be borne by, billed directly to, and paid by the provider utilizing or proposing to utilize the advertisement.
History of Section.
P.L. 2009, ch. 195, § 1; P.L. 2009, ch. 262, § 1.
Frequently Asked Questions About Rhode Island § 27-72-8
What does Rhode Island General Laws § 27-72-8 cover?
Section 27-72-8 ("Life Settlements Act") 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 § 27-72-8?
A common citation format is "Rhode Island General Laws § 27-72-8" (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 § 27-72-8 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.