2005 Rhode Island Code - § 27-31-3 — Definitions.

    For the purpose of this chapter:

   (1) "Commissioner" means the insurance commissioner;

   (2) "Credit accident and health insurance" means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy;

   (3) "Creditor" means the lender of money or vendor or lessor of goods, services, property, rights, or privileges, for which payment is arranged through a credit transaction or any successor to the right, title, or interest of any lender, vendor, or lessor, and an affiliate, associate, or subsidiary of any of them or any director, officer, or employee of any of them or any other person in any way associated with any of them;

   (4) "Debtor" means a borrower of money or a purchaser or lessee of goods, services, property, rights, or privileges for which payment is arranged through a credit transaction;

   (5) "Indebtedness" means the total amount payable by a debtor to a creditor in connection with a loan or other credit transaction;

   (6) "Person" means an individual, partnership, association, firm, corporation, or any other legal entity; and

   (7) The singular shall include the plural.