™Your Policy Risk Impact Agent
166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-46-1. Purpose
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The purpose of this chapter is to regulate the formation and/or operation of risk retention groups and purchasing groups in this state formed pursuant to the provisions of 15 U.S.C. § 3901 et seq., to the extent permitted by that law.
R.I. Gen. Laws § 27-46-10. Purchasing group taxation
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Premium taxes and taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing groups shall be: (1) Imposed at the same rate and subject to the same interest, fines, and penalties as that applicable to premi…
R.I. Gen. Laws § 27-46-11. Administrative and procedural authority regarding risk retention groups and purchasing groups
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The commissioner is authorized to make use of any of the powers established under this title and any other pertinent section of law to enforce the laws of this state not specifically preempted by 15 U.S.C. § 3901 et seq., including the commissioner’s administrative authority to i…
R.I. Gen. Laws § 27-46-12. Duty of agents or brokers or insurance producers to obtain license
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(a) Risk retention groups. No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance in this state from a risk retention group unless that person, firm, association, or corporation is licensed as an in…
