§ 45-47-1 - Lien on insurance proceeds. - Rhode Island Statutes

SECTION 45-47-1

   § 45-47-1  Lien on insurance proceeds.– There is created a lien in favor of any taking jurisdiction in this state onthe proceeds of any insurance policy based upon a claim made for damage or lossto a building or other structure caused by or arising out of any fire orexplosion. The lien arises upon any unpaid tax, special ad valorem levy,special assessment, or other charge imposed upon real property by or on behalfof the state, a municipal corporation, or a special district which is anencumbrance on real property, whether or not evidenced by written instrument,that has remained undischarged for at least one year prior to the filing of aproof of loss. The lien also arises as a result of any costs incurred by amunicipal corporation to secure, demolish, or render an unsafe building orstructure or part of the structure safe, in accordance with chapter 27.3 oftitle 23.