Requires the Rhode Island life and health insurance guarantee association to be obligated to cover a minimum of five hundred thousand dollars ($500.000) in present value of annuity benefits, including net cash surrender and net cash withdrawal values.

INSURANCE -- RHODE ISLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT - Requires the Rhode Island life and health insurance guarantee association to be obligated to cover a minimum of five hundred thousand dollars ($500.000) in present value of annuity benefits, including net cash surrender and net cash withdrawal values.