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166 chapters · 2,034 sections in this title.
R.I. Gen. Laws § 27-48-1. Short title
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This chapter may be known as the “Business Transacted with Producer Controlled Insurer Act.”
R.I. Gen. Laws § 27-48-2. Definitions
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As used in this chapter: (1) “Accredited state” means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissi…
R.I. Gen. Laws § 27-48-3. Applicability
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This chapter shall apply to licensed insurers as defined in § 27-48-2, either domiciled in this state or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of chapter 35 of this title to the extent they are not supers…
R.I. Gen. Laws § 27-48-4. Minimum standards
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(a)(1) The provisions of this section shall apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling producer is equal to or greater than five percent (5%) of the admitted assets of the controlled …
