2009 Rhode Island Code
Title 27 - Insurance
CHAPTER 27-8 - Casualty Insurance Generally
§ 27-8-12 - Subrogation Payment to insured of deductible.
SECTION 27-8-12
§ 27-8-12 Subrogation Payment to insured of deductible. Whenever, through subrogation, an insurance company or its agent collects a casualty loss from a third party, that company or agent shall, from the funds collected, first pay to the insured the deductible portion of the casualty loss less the prorated share of subrogation expenses and only after this retain any funds in excess of the deductible portion of the recovery.
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