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2017 Rhode Island General Laws
Title 27 - Insurance
Chapter 27-1 - Domestic Insurance Companies
Section 27-1-16.2 - Court approved settlements.
Universal Citation: RI Gen L § 27-1-16.2 (2017)
§ 27-1-16.2. Court approved settlements.
Notwithstanding any provisions of law to the contrary, a person, corporation, or other entity who has resolved its liability to the receiver in a judicially-approved good faith settlement shall not be liable for claims for contribution or equitable indemnity regarding matters addressed in the settlement. The settlement does not discharge any other joint tortfeasors unless its terms provide for this discharge, but it reduces the potential liability of joint tortfeasors by the amount of the settlement.
History of Section.
(P.L. 1994, ch. 86, § 2.)
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