™Your Policy Risk Impact Agent
166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-3-38. Surplus line brokers — License — Affidavit of inability to obtain insurance — Reports and records — Premium tax — Notice to purchasers
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(a) The insurance commissioner may issue a surplus line broker’s license to any person authorizing the licensee to procure, subject to the restrictions provided in this section, policies of insurance, except life and health and accident, except as allowed under § 27-3-38.3, from …
R.I. Gen. Laws § 27-3-38.1. Insurance independently procured — Duty to report and pay tax
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(a) Each insured in this state who procures or continues or renews insurance with an insurer not licensed to do an insurance business in this state on properties, risks, or exposures located or to be performed in whole or in part in this state, other than insurance procured throu…
R.I. Gen. Laws § 27-3-38.2. Definitions
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As used in this chapter: (1) “Admitted insurer” means an insurer licensed to do an insurance business in this state. (2) “Capital” as used in the financial requirements of § 27-3-40, means funds paid in for stock or other evidence of ownership. (3) “Commissioner” means the insura…
R.I. Gen. Laws § 27-3-38.3. Exception to life and health and accident exemption
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The provisions of this chapter do not apply to life and health and accident, as noted in § 27-3-38(a), and surplus lines brokers may not place insurance in those lines in the surplus market. An exception is hereby made to this prohibition for the procurement of disability insuran…
