reglab/housing_qa huggingface dataset:
RI Gen L § 27-2.4-4 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-4 - Fees.

§ 27-2.4-4. Fees.(a) Fees required by this chapter shall be as follows:(1) Initial insurance producer license: $ 55.00;(2) Annual insurance producer renewal: $ 55.00; and(3) Annual contracted producer report: $ 30.00 (per producer).(b) The insurance commissioner may by rule or regulation specify fees for letters of certification, clearance letters, duplicate licenses, and any other documents as well as fees for services and documents provided by or on behalf of the department that are reasonably determined by the insurance commissioner.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2002, ch. 65, art. 13, § 24; P.L. 2007, ch. 85, § 1; P.L. 2007, ch. 211, § 1; P.L. 2008, ch. 144, § 1; P.L. 2008, ch. 198, § 1.
RI Gen L § 27-2.4-6 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-6 - Order to cease unlicensed activities.

§ 27-2.4-6. Order to cease unlicensed activities.(a) If the department has reason to believe that any person is conducting any activities requiring licensure under this chapter without obtaining a license, or who after the denial, suspension or revocation of a license conducts any activities requiring licensure under this chapter, the department may issue its order to that person commanding them to appear before the department at a hearing after issuance of that order to show cause why the department should not issue an order to that person to cease and desist from the violations of the provisions of this chapter. The order to show cause may be served on any person named in the order in the same manner that summons in a civil action may be served, or by mailing a copy of the order, certified mail, return receipt requested, to that person at any address at which he or she has done business or at which he or she lives. If upon that hearing the department is satisfied that the person is in fact violating any provision of this chapter, then the department may order that person, in writing, to cease and desist from that violation. All hearings shall be governed in accordance with the Administrative Procedures Act, chapter 35 of title 42. If that person fails to comply with an order of the department after being afforded a hearing, the superior court in the county where the insurance transaction took place has jurisdiction upon complaint of the department to restrain and enjoin that person from violating this chapter.(b) Any person who violates this section by operating without a license shall be guilty of a misdemeanor and fined an amount not exceeding one thousand dollars ($1,000) or imprisoned for a term not exceeding one year, or both. The matter shall be referred to the department of attorney general.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2007, ch. 85, § 1; P.L. 2007, ch. 211, § 1.
RI Gen L § 27-2.4-7 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-7 - Application for examination.

§ 27-2.4-7. Application for examination.(a) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to § 27-2.4-11. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer and the insurance laws and regulations of this state. Examinations required by this section shall be developed and conducted under rules and regulations prescribed by the insurance commissioner.(b) The insurance commissioner may make arrangements, including contracting with an outside testing service, for administering examinations and collecting a nonrefundable fee.(c) Each individual applying for an examination shall remit a nonrefundable fee as prescribed by the department pursuant to rule and regulation.(d) An individual who fails to appear for the examination as scheduled or fails to pass the examination, shall reapply for an examination and remit all required fees and forms before being rescheduled for another examination.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
RI Gen L § 27-2.4-8 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-8 - Application for license.

§ 27-2.4-8. Application for license.(a) A person applying for a resident insurance producer license shall make application to the insurance commissioner on the uniform application and declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are true, correct and complete to the best of the individual's knowledge and belief. Before approving the application, the insurance commissioner shall find that the individual:(1) Is at least eighteen (18) years of age;(2) Has not committed any act that is a ground for denial, suspension or revocation set forth in § 27-2.4-14;(3) Has paid the fees set forth in § 27-2.4-4; and(4) Has successfully passed the examinations for the lines of authority for which the person has applied.(b) A Rhode Island resident business entity acting as an insurance producer may elect to obtain an insurance producer license. Application shall be made using the uniform business entity application. Prior to approving the application, the commissioner shall find both of the following:(1) The business entity has paid the appropriate fees.(2) The business entity has designated a licensed producer responsible for the business entity's compliance with the insurance laws and rules of this state.(c) The insurance commissioner may require any documents reasonably necessary to verify the information contained in an application.(d) Each insurer that sells, solicits or negotiates any form of limited line credit insurance shall provide to each individual whose duties will include selling, soliciting or negotiating limited line credit insurance a program of instruction that may be approved by the insurance commissioner.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2007, ch. 85, § 1; P.L. 2007, ch. 211, § 1; P.L. 2008, ch. 144, § 1; P.L. 2008, ch. 198, § 1; P.L. 2011, ch. 18, § 1; P.L. 2011, ch. 25, § 1.
RI Gen L § 27-2.4-10 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-10 - Nonresident licensing.

§ 27-2.4-10. Nonresident licensing.(a) Unless denied licensure pursuant to § 27-2.4-14, a nonresident person shall receive a nonresident insurance producer license if:(1) The person is currently licensed as a resident and in good standing in his or her home state;(2) The person has submitted the proper request for licensure and has paid the fees required by § 27-2.4-4;(3) The person has submitted or transmitted to the insurance commissioner the application for licensure that the person submitted to his or her home state, or in lieu of that application, a completed uniform application; and(4) The person's home state awards nonresident insurance producer licenses to residents of this state on the same basis.(b) The insurance commissioner may verify the insurance producer's licensing status through the producer database maintained by the NAIC, its affiliates or subsidiaries.(c) A nonresident insurance producer who moves from one state to another state or a resident insurance producer who moves from this state to another state shall file a change of address and provide certification from the new resident state within thirty (30) days of the change of legal residence. No fee or license application is required.(d) Notwithstanding any other provision of this chapter, a person licensed as a surplus lines broker in his or her home state shall receive a nonresident surplus lines broker license pursuant to subsection (a) of this section. Except as provided in subsection (a) of this section, nothing in this section amends or supersedes any provision of chapter 3 of this title.(e) Notwithstanding any other provision of this chapter, a person licensed as a limited line credit insurance or other type of limited lines insurance producer in his or her home state shall receive a nonresident limited lines insurance producer license, pursuant to subsection (a) of this section, granting the same scope of authority as granted under the license issued by the insurance producer's home state. For purposes of this section, "limited line insurance" is any authority granted by the home state which restricts the authority of the insurance producer to less than the total authority prescribed in associated major lines pursuant to § 27-2.4-9(a)(1) — (a)(8).History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
RI Gen L § 27-2.4-11 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-11 - Exemption from examination.

§ 27-2.4-11. Exemption from examination.(a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any pre-licensing education or examination, but shall be required to certify knowledge of Rhode Island law applicable to insurance producers. This exemption is only available if the person is currently licensed in that state or if the application is received within ninety (90) days of the cancellation of the applicant's previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state's producer database records, maintained by the NAIC, its affiliates or subsidiaries, indicate that the insurance producer is or was licensed in good standing for the line of authority requested.(b) A person licensed as an insurance producer in another state who moves to this state shall make application within ninety (90) days of establishing legal residence to become a resident insurance producer pursuant to § 27-2.4-8. No pre-licensing education or examination shall be required of that person to obtain any line of authority previously held in the prior state except where the insurance commissioner determines otherwise by regulation.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
RI Gen L § 27-2.4-12 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-12 - Assumed names.

§ 27-2.4-12. Assumed names.An insurance producer doing business under any name other than the insurance producer's legal name is required to notify the insurance commissioner prior to using the assumed name.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
RI Gen L § 27-2.4-13 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-13 - Temporary licenses.

§ 27-2.4-13. Temporary licenses.(a) The insurance commissioner may issue a temporary insurance producer license for a period not to exceed one hundred eighty (180) days without requiring an examination if the insurance commissioner deems that the temporary license is necessary for the servicing of an insurance business in the following cases:(1) To the surviving spouse or court-appointed personal representative of a licensed insurance producer who dies or becomes mentally or physically disabled to allow adequate time for the sale of the insurance business owned by the insurance producer or for the recovery or return of the insurance producer to the business or to provide for the training and licensing of new personnel to operate the insurance producer's business; or(2) To a member or employee of a business entity operated by a licensed insurance producer, upon the death or disability of that individual; or(3) To the designee of a licensed insurance producer entering active service in the armed forces of the United States of America; or(4) In any other circumstance where the insurance commissioner deems that the public interest will best be served by the issuance of this license.(b) The insurance commissioner may by order limit the authority of any temporary insurance producer in any way deemed necessary to protect the insured and the public. The insurance commissioner may require the temporary insurance producer to have a suitable sponsor who is a licensed insurance producer or insurer and who assumes responsibility for all acts of the temporary insurance producer and may impose other similar requirements designed to protect the insured and the public. The insurance commissioner may by order revoke a temporary license if the interest of the insured or the public are endangered. A temporary license may not continue after the owner or the personal representative disposes of the business.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2007, ch. 85, § 1; P.L. 2007, ch. 211, § 1.
RI Gen L § 27-2.4-15 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-15 - Commissions.

§ 27-2.4-15. Commissions.(a) No insurer or insurance producer shall pay, directly or indirectly, any commission, service fee, brokerage, or other valuable consideration to any person for services as an insurance producer unless the person performing the service held a valid license regarding the class or classes of insurance as to which the service was rendered at the time the service was performed. No person, other than a person properly licensed in accordance with this chapter at the time the person performs services as an insurance producer, shall accept any commissions, service fee, brokerage, or other valuable consideration for the services. Acceptance of the consideration shall constitute operating without a license. This section shall not prevent payment or receipt of renewal or other deferred commissions to or by any person entitled to the payment or receipt under this chapter.(b) No person shall accept a commission, service fee, brokerage or other valuable consideration for selling, soliciting or negotiating insurance in this state if that person is required to be licensed under this chapter and is not licensed.(c) Renewal or other deferred commissions may be paid to a person for selling, soliciting or negotiating insurance in this state if the person was required to be licensed under this chapter at the time of the sale, solicitation or negotiation and was licensed at that time.(d) An insurer or insurance producer may pay or assign commissions, service fees, brokerages or other valuable consideration to an insurance agency or to persons who do not sell, solicit or negotiate insurance in this state, unless the payment would violate §§ 27-4-6, 27-6-46, 27-8-7, 27-9-44 and 27-29-4 of the general laws of this state.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2006, ch. 84, § 2; P.L. 2006, ch. 93, § 2.
RI Gen L § 27-2.4-15.1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-15.1 - Compensation disclosure.

§ 27-2.4-15.1. Compensation disclosure.(a) Where any insurance producer or any affiliate of such producer receives any compensation from the customer for the initial placement of insurance, neither that producer nor the affiliate shall accept or receive any compensation from an insurer or other third-party for that placement of insurance unless the producer has, prior to the customer's purchase of insurance:(1) Obtained the customer's documented acknowledgment that such compensation will be received by the producer or affiliate; and(2) Provided a description of the method and factors utilized for calculating the compensation to be received from the insurer or other third-party for that placement.(b) This section shall not apply to:(1) A person licensed as an insurance producer who acts only as an intermediary between an insurer and the customer's producer, for example: a managing general agent, a sales manager, or wholesale broker;(2) The placement of insurance in secondary or residual markets; or(3) A producer whose sole compensation for the placement is derived from commissions, salaries and other remuneration from the insurer.(i) Notwithstanding this provision, a producer shall, at the time of sale or no later than the delivery of the policy, disclose that they will be paid a commission by the company and may receive other performance based compensation. This does not apply to salaried employees of an insurance company.(c) For purposes of this section:(1) "Affiliate" means a person that controls, is controlled by or is under common control with the producer.(2) "Compensation from an insurer or other third-party" means payments, commissions, fees, awards, overrides, bonuses, contingent commissions, loans, stock options, gifts, prizes or any other form of valuable consideration, whether or not payable pursuant to a written agreement.(3) "Compensation from the customer" shall not include any fee or similar expense or any fee or amount collected by or paid to the producer that does not exceed an amount established by the commissioner.(4) "Customer" means the person signing the application or submission for insurance or the authorized representative of the insured actually negotiating the placement of insurance with the producer. A person shall not be considered a "customer" for purposes of this section if the person is:(i) A participant or beneficiary of an employee benefit plan; or(ii) Covered by a group or blanket insurance policy or group annuity contract sold, solicited or negotiated by the insurance producer or affiliate.(5) "Documented acknowledgement" means the customer's acknowledgment obtained prior to the customer's purchase of insurance.(d) An insurance producer may satisfy any requirements imposed by this section directly or through an affiliate.History of Section.P.L. 2005, ch. 113, § 1; P.L. 2005, ch. 116, § 1.
RI Gen L § 27-2.4-17 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-17 - Reciprocity.

§ 27-2.4-17. Reciprocity.(a) The insurance commissioner shall waive any requirements for a nonresident license applicant with a valid license from his or her home state, except the requirements imposed by § 27-2.4-10, if the applicant's home state awards nonresident licenses to residents of this state on the same basis.(b) A nonresident insurance producer's satisfaction of his or her home state's continuing education requirements for licensed insurance producers shall constitute satisfaction of this state's continuing education requirements if the nonresident insurance producer's home state recognizes the satisfaction of its continuing education requirements imposed upon insurance producers from this state on the same basis.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2003, ch. 80, § 1; P.L. 2003, ch. 81, § 1.
RI Gen L § 27-2.4-18 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-18 - Reporting of actions.

§ 27-2.4-18. Reporting of actions.(a) An insurance producer shall report to the insurance commissioner any administrative action taken against the insurance producer in another jurisdiction or by another governmental agency in this state within thirty (30) days of the final disposition of the matter. This report shall include a copy of the order, consent to order or other relevant legal documents.(b) Within thirty (30) days of the initial pre-hearing date, an insurance producer shall report to the insurance commissioner any criminal prosecution of the insurance producer taken in any jurisdiction. The report shall include a copy of the initial complaint filed, the order resulting from the hearing and any other relevant legal documents.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
RI Gen L § 27-2.4-19 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-19 - Fiduciary capacity of insurance producers - Misappropriation as theft.

§ 27-2.4-19. Fiduciary capacity of insurance producers — Misappropriation as theft.That portion of all premiums or moneys which a licensed insurance producer collects from a policyholder and which is to be paid to an insurance company, its agents, or his or her employer because of the assumption of liability through the issuance of insurance contracts, or which the insurance producer collects from an insurance company or its agents and which is to be paid to a policyholder or claimant under any contract of insurance, shall be held by the insurance producer in a fiduciary capacity and shall not be misappropriated or converted to the insurance producer's own use or illegally withheld by the insurance producer. Any insurance producer who converts or misappropriates these funds shall be held guilty of theft and punishable for theft as provided by law. Nothing contained in this section shall be deemed to require any insurance producer to maintain separate bank accounts or deposits for these funds if and so long as these funds held are reasonably ascertainable from the books of account and records of the insurance producer.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
RI Gen L § 27-2.4-20.1 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-20.1 - Revocation or modification of property and casualty insurance producer's contract - Procedures.

§ 27-2.4-20.1. Revocation or modification of property and casualty insurance producer's contract — Procedures.(a) No property and casualty insurance company shall cancel the authority of an insurance producer, having a contract with and placing such insurance with more than one property and casualty insurance company, unless the company gives written notice of its intent to cancel that insurance producer at least fourteen (14) months before the proposed effective date of any cancellation. In such case, no company shall allow the license of that insurance producer to expire unless the company gives written notice of its intent to do so at least fourteen (14) months before the proposed effective date of expiration because of cancellation. In addition, no company shall modify a contract with an insurance producer, unless the company gives written notice of its intent to modify the contract of that insurance producer at least one hundred eighty (180) days before the proposed effective date of the modification.(b) When a property and casualty insurance company cancels the authority of an insurance producer having a contract with and places such insurance with more than one property and casualty insurance company, under the provisions of this section, the company shall continue to renew the expiring policies of the insurance producer who has received notification of cancellation that meets its underwriting guidelines for a period of fourteen (14) months of the issuance of the notice at a rate of compensation to that insurance producer equal to that provided in the expiring contract.(c) The provisions of subsections (a) and (b) do not apply to a property and casualty insurance producer:(1) Convicted of a dishonest act related to his or her occupation as an insurance agent; or(2) Whose license to engage as an insurance producer was revoked; or(3) Whose company surrendered its license to do business in the state; or(4) Who is an employee of the insurance company.History of Section.P.L. 2012, ch. 211, § 2; P.L. 2012, ch. 243, § 2.
RI Gen L § 27-2.4-21 (2021)
2021 Rhode Island General Laws|Title 27 - Insurance|Chapter 27-2.4 - Producer Licensing Act|Section 27-2.4-21 - Regulations.

§ 27-2.4-21. Regulations.The insurance commissioner may, in accordance with Rhode Island law, promulgate reasonable rules and regulations as are necessary or proper to carry out the purposes of this chapter including, but not limited to, prelicensing requirements for applicants for an insurance producer license.History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3; P.L. 2004, ch. 40, § 3; P.L. 2004, ch. 43, § 3.