Any unauthorized insurer who transacts any unauthorized act of an insurance business as set forth in §§ 27-16-1.1 — 27-16-2.6 may be fined not more than ten thousand dollars ($10,000).
Penalty
R.I. Gen. Laws § 27-16-2.2., under Chapter 27-16 Unauthorized Insurance Business.
R.I. Gen. Laws § 27-16-2.2.