reglab/statecodes huggingface dataset:
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-12. - Policyholder treatment.

§ 27-2.6-12. Policyholder treatment.
(a)
When a title insurance report includes an offer to issue an owner’s policy covering the resale of owner-occupied residential property, the report shall be furnished to the purchaser-mortgagor or its representative as soon as reasonably possible prior to closing. If the report cannot be delivered prior to the day of closing, the title insurer or agent shall document the reasons for the delay. The report furnished to the purchaser-mortgagor shall incorporate the following statement on the first page in bold type:
“Please read the exemptions and the terms shown or referred to herein carefully. The exemptions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered.
It is important to note that this form is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land.”
(b)
A title insurer issuing a lender’s title insurance policy in conjunction with a mortgage loan made simultaneously with the purchase of all or part of the real estate securing the loan, where no owner’s title insurance policy has been requested, shall give written notice to the purchaser-mortgagor at the time the commitment is prepared. The notice shall explain that a lender’s title insurance policy is to be issued protecting the mortgage-lender, and that the policy does not provide title insurance protection to the purchaser-mortgagor as the owner of property being purchased. The notice shall explain what title policy insures against and what possible exposures exist for the purchaser-mortgagor that could be insured against through the purchase of an owner’s policy. The notice shall also explain that the purchaser-mortgagor may obtain an owner’s title insurance policy protecting the property owner at a specified cost or approximate cost, if the proposed coverages or amount of insurance is not then known. A copy of the notice, signed by the purchaser-mortgagor, shall be retained in the relevant underwriting file at least five (5) years after the effective date of the policy.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-13. - Duties of title insurers utilizing the services of title insurance agents.

§ 27-2.6-13. Duties of title insurers utilizing the services of title insurance agents.
(a)
The title insurer shall not accept business from a title insurance agent unless there is in force a written contract between the parties that sets forth the responsibilities of each party and, where both parties share responsibility for a particular function, specifies the division of responsibilities.
(b)
The title insurer shall, on at least a biennial basis, conduct an on-site review of the underwriting, claims, and escrow practices of the agent that shall include a review of the agent’s policy blank inventory and processing operations.
(1)
If the title insurance producer is also an attorney, and asserts that any documents requested in connection with the review provided in subsection (b) are prohibited from disclosure by an ethical requirement, the producer shall identify in writing the particular document, the applicable privilege, and provide a redacted copy to the title insurer.
(c)
A domestic title insurer shall not appoint to its board of directors an officer, director, employee, or controlling shareholder or any title insurance agent who wrote one percent (1%) or more of the title insurer’s direct premiums written during the previous calendar year as shown on the tile insurer’s most recent annual statement on file with the commissioner. This subsection shall not apply to relationships governed by § 27-35-1 et seq.
(d)
The title insurer shall maintain an inventory of all policy forms or policy numbers allocated to each title insurance agent.
(e)
The title insurer shall have on file proof that the title insurance agent is licensed by this state.
(f)
The title insurer shall establish the underwriting guidelines and, where applicable, limitations on title claims settlement authority to be incorporated into contracts with its title insurance agents.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1; P.L. 2014, ch. 488, § 1; P.L. 2014, ch. 521, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-14. - Prohibition of rebate and fee splitting.

§ 27-2.6-14. Prohibition of rebate and fee splitting.
A title insurer or other person shall not give or receive, directly or indirectly, any consideration for the referral of title insurance business or escrow or other service provided by a title insurer. This section does not affect a title insurer’s ability to pay consideration to persons or entities who provide core services, as defined by the Real Estate Settlement Procedures Act (RESPA), 12 U.S.C. § 2607, as amended.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-15. - Favored agent of title insurer.

§ 27-2.6-15. Favored agent of title insurer.
A title insurer shall not participate in any transaction in which it has actual knowledge that a producer or other person requires, directly or indirectly, or through any trustee, director, officer, agent, employee or affiliate, as a condition, agreement or understanding to selling or furnishing any other person a loan, or loan extension, credit, sale, property, contract, lease or service, that the other person shall place a title insurance policy of any kind with the title insurer or through a particular title insurance agent.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-16. - Premium rate filings and standards.

§ 27-2.6-16. Premium rate filings and standards.
No title insurer may charge any rates regulated by the state after the effective date of this act, except in accordance with the premium rate schedule and manuals filed with and approved by the commissioner in accordance with the provisions of chapter 44 of this title.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-17. - Form filing.

§ 27-2.6-17. Form filing.
(a)
A title insurer or authorized rate service organization shall not deliver or issue for delivery or permit any of its authorized title insurance agents to deliver in this state, any policy form, in connection with title insurance written, unless it has been filed with and approved by the commissioner.
(b)
Forms covered by this section shall include:
(1)
Title insurance policies, including standard form endorsements; and
(2)
Title insurance commitments issued prior to the issuance of a title insurance policy;
(3)
An insurer may use American Land Title Association (ALTA) approved checklists on endorsements.
(c)
After notice and opportunity to be heard are given to the insurer or rate service organization which submitted a form for approval, the commissioner may withdraw approval of the form on finding that the use of the form is contrary to the legal requirements applicable at the time of withdrawal. The effective date of withdrawal of approval shall not be less than ninety (90) days after notice of withdrawal is given.
(d)
Any term or condition related to an insurance coverage provided by an approved title insurance policy or any exception to the coverage, except those ascertained from a search and examination of records relating to a title or inspection or survey of a property to be insured, may only be included in the policy after the term, condition or exception has been filed with the commissioner and approved.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-18. - Filing by rating bureaus.

§ 27-2.6-18. Filing by rating bureaus.
(a)
A title insurer may satisfy its obligation to file premium rates, rating manuals and forms as required by this chapter by becoming a member of, or a subscriber to, a rate service organization, organized and licensed under the provisions of this code, where the organization makes the filing, and by authorizing the commissioner in writing to accept the filings on the insurer’s behalf.
(b)
Nothing in this chapter shall be construed as requiring a title insurer to become a member of, or a subscriber to, any rate service organization. Nothing in this chapter shall be construed as prohibiting the filing of deviations from rate service organization filings by any member or subscriber.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-19. - Penalties and liabilities.

§ 27-2.6-19. Penalties and liabilities.
(a)
If the commissioner determines that the title insurer has violated this chapter, or any regulation or order promulgated thereunder, after notice and opportunity to be heard, the commissioner may order:
(1)
A penalty pursuant to § 42-14-16 for each violation; and
(2)
Revocation or suspension of the title insurer’s license.
(b)
Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided for in the insurance code.
(c)
Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants and creditors.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-20. - Violations of the Real Estate Settlement Procedures Act (RESPA).

§ 27-2.6-20. Violations of the Real Estate Settlement Procedures Act (RESPA).
The commissioner or attorney general may bring an action in a court of competent jurisdiction to enjoin violations of RESPA, 12 U.S.C. § 2607, as amended.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.6 - Rhode Island Title Insurers Act › Section 27-2.6-21. - Severability.

§ 27-2.6-21. Severability.
If any provision of this chapter, or the application of the provision to any person or circumstances shall be held invalid, the remainder of the chapter and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected.
History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.7 - Portable Electronics Insurance › Section 27-2.7-1. - Definitions.

§ 27-2.7-1. Definitions.
For purposes of this section, the following terms shall have the following meanings:
(1)
“Customer” means a person who purchases portable electronics or services;
(2)
“Department” means the department of business regulation;
(3)
“Enrolled customer” means a customer who elects coverage under a portable electronics insurance policy issued by a vendor of portable electronics;
(4)
“Insurance commissioner” means the director of the department of business regulation or his/her designee;
(5)
“Location” means any physical location in the state of Rhode Island or any website, call center site or similar location directed to residents of the state of Rhode Island;
(6)
“Portable electronics” means electronic devices that are portable in nature, their accessories and services related to the use of the device;
(7)(i)
“Portable electronics insurance” means insurance providing coverage for the repair or replacement of portable electronics which may provide coverage for portable electronics against any one or more of the following causes of loss: loss, theft, inoperability due to mechanical failure, malfunction, damage or other similar causes of loss.
(ii)
“Portable electronics insurance” does not include:
(A)
A service contract or extended warranty providing coverage limited to the repair, replacement or maintenance of property for the operational or structural failure of property due to a defect in materials, workmanship, accidental damage from handling, power surges, or normal wear and tear;
(B)
A policy of insurance covering a seller’s or a manufacturer’s obligations under a warranty; or
(C)
A homeowner’s renter’s, private passenger automobile, commercial multi-peril, or similar policy;
(8)
“Portable electronics transaction” means:
(i)
The sale or lease of portable electronics by a vendor to a customer; or
(ii)
The sale of a service related to the use of portable electronics by a vendor to a customer.
(9)
“Supervising entity” means a business entity that is a licensed insurer or insurance producer that is authorized by an insurer to supervise the administration of a portable electronics insurance program.
(10)
“Vendor” means a person in the business of engaging in portable electronics transactions directly or indirectly.
History of Section.
P.L. 2012, ch. 136, § 1; P.L. 2012, ch. 247, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.7 - Portable Electronics Insurance › Section 27-2.7-2. - Licensure of vendors.

§ 27-2.7-2. Licensure of vendors.
(a)
A vendor is required to hold a portable electronics insurance vendor license to sell or offer coverage under a policy of portable electronics insurance.
(b)
A portable electronics insurance vendor license issued under this chapter shall authorize any employee or authorized representative of the vendor to sell or offer coverage under a policy of portable electronics insurance to a customer at each location at which the entity engages in portable electronics transactions.
(c)
The supervising entity shall maintain a registry of vendor locations which are authorized to sell or solicit portable electronics insurance coverage in this state. Upon request by the insurance commissioner and with ten (10) days notice to the supervising entity, the registry shall be open to inspection and examination by the insurance commissioner during regular business hours of the supervising entity.
(d)
Notwithstanding any other provision of law, a license issued pursuant to this section shall authorize the licensee and its employees or authorized representatives to engage in those activities that are permitted in this section.
History of Section.
P.L. 2012, ch. 136, § 1; P.L. 2012, ch. 247, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.7 - Portable Electronics Insurance › Section 27-2.7-3. - Requirements for sale of portable electronics insurance.

§ 27-2.7-3. Requirements for sale of portable electronics insurance.
(a)
At every location where portable electronics insurance is offered to customers, brochures or other written materials must be made available to a prospective customer which:
(1)
Disclose that portable electronics insurance may provide a duplication of coverage already provided by a customer’s homeowner’s insurance policy, renter’s insurance policy or other source of coverage;
(2)
State that the enrollment by the customer in a portable electronics insurance program is not required in order to purchase or lease portable electronics or services;
(3)
Summarize the material terms of the insurance coverage, including:
(i)
The identity of the insurer;
(ii)
The identity of the supervising entity;
(iii)
The amount of any applicable deductible and how it is to be paid;
(iv)
Benefits of the coverage; and
(v)
Key terms and conditions of coverage such as whether portable electronics may be repaired or replaced with similar make and model reconditioned or non-original manufacturer parts or equipment.
(4)
Summarize the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable in the event the customer fails to comply with any equipment return requirements; and
(5)
State that an enrolled customer may cancel enrollment for coverage under a portable electronics insurance policy at any time and the person paying the premium shall receive a refund of any applicable unearned premium.
(b)
Portable electronics insurance may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics for its enrolled customers.
(c)
Eligibility and underwriting standards for customers electing to enroll in coverage shall be established for each portable electronics insurance program.
History of Section.
P.L. 2012, ch. 136, § 1; P.L. 2012, ch. 247, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.7 - Portable Electronics Insurance › Section 27-2.7-5. - Suspension or revocation of license.

§ 27-2.7-5. Suspension or revocation of license.
If a portable electronics insurance vendor or its employee or authorized representative violates any provision of this section, the insurance commissioner may do any of the following:
(1)
After notice and hearing, impose fines not to exceed five hundred dollars ($500) per violation or five thousand dollars ($5,000) in the aggregate for such conduct.
(2)
After notice and hearing, impose other penalties that the commissioner deems necessary and reasonable to carry out the purposes of this chapter including:
(i)
Suspending the privilege of transacting portable electronics insurance pursuant to this section at specific business locations where violations have occurred; and
(ii)
Suspending or revoking the ability of individual employees or authorized representatives to act under the license; and
(3)
Any other penalties appropriate under § 42-14-16.
History of Section.
P.L. 2012, ch. 136, § 1; P.L. 2012, ch. 247, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.7 - Portable Electronics Insurance › Section 27-2.7-7. - Application for license and fees.

§ 27-2.7-7. Application for license and fees.
(a)
A sworn application for a license under this chapter shall be made to and filed with the department on forms prescribed and furnished by the department in accordance with the provisions of § 27-2.4-9(a)(8).
(b)
The application shall:
(1)
Provide the name, residence address, and other information required by the department for an employee or officer of the vendor that is designated by the applicant as the person responsible for the vendor’s compliance with the requirements of this chapter. However, if the vendor derives more than fifty percent (50%) of its revenue from the sale of portable electronics insurance the information noted above shall be provided for all officers, directors, and shareholder of record having beneficial ownership of ten percent (l0%) or more of any class of securities registered under the federal securities law; and
(2)
The location of the applicant’s home office.
(c)
Any license under this chapter is subject to all applicable provisions of chapter 2.4 of this title, including, but not limited to, notification of change of address, lapse of license, notification of administrative actions, assumed names and basis for suspension or revocation of license; provided however, in the event there is a conflict between the provisions of this chapter and chapter 2.4 of this title, this chapter shall prevail.
(d)
Any vendor engaging in portable electronics insurance transactions on or before the effective date of this chapter must apply for licensure within ninety (90) days of the application being made available by the department. Any applicant commencing operations after the effective date of this chapter must obtain a license prior to offering portable electronics insurance.
(e)
Initial licenses issued pursuant to this chapter shall be valid for a period of two (2) calendar years expiring on May 31 of the second (2nd) renewal year. Applicants for an initial license shall pay the full two (2) year fee regardless of the number of months of the initial licensure. Renewal licenses shall be effective for twenty-four (24) months effective and expiring on May 31.
(f)
Each vendor of portable electronics licensed under this chapter shall pay to the department a fee of two hundred dollars ($200) for an initial license and for each renewal thereof. The department is authorized to institute miscellaneous fees for this license type in accordance with § 27-2.4-4.
History of Section.
P.L. 2012, ch. 136, § 1; P.L. 2012, ch. 247, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.8 - Self-Service Storage Insurance › Section 27-2.8-1. - Definitions.

§ 27-2.8-1. Definitions.
For purposes of this chapter, the following terms shall have the following meanings:
(1)
“Commissioner” means the definition prescribed by § 42-14-5.
(2)
“Location” means any physical location in the state of Rhode Island or any website, call center site, or similar location directed to residents of the state of Rhode Island.
(3)
“Occupant” means a person, or his or her sublessee, successor, or assign, who is entitled to the use of storage space at a self-service storage facility under a rental agreement, to the exclusion of others.
(4)
“Owner” means a person or business entity, whether a resident or nonresident of this state, who or that is the proprietor, operator, lessor, or sublessor of a self-service storage facility, an agent of any of the foregoing, or any other person or business entity authorized to manage the facility or to receive rent from an occupant under a rental agreement.
(5)
“Personal property” means movable property not affixed to land.
(6)
“Rental agreement” means any written agreement or lease that establishes or modifies the terms, conditions, rules, or any other provisions concerning the use and occupancy of storage space at a self-service storage facility.
(7)
“Self-service storage facility” means any real property designed and used for the purpose of renting or leasing individual storage space to occupants who are to have access to the space for the purpose of storing and removing personal property.
(8)
“Self-service storage insurance” means personal property insurance offered in connection with and incidental to the rental of storage space at a self-service storage facility and that provides coverage to occupants for the loss of or damage to personal property occurring at the facility or when the property is in transit to or from the facility during the period of the rental agreement.
(9)
“Supervising entity” means a business entity that is a licensed insurer or insurance producer that is authorized by an insurer to supervise the administration of a self-service storage insurance program.
History of Section.
P.L. 2022, ch. 342, § 1, effective January 1, 2023; P.L. 2022, ch. 343, § 1, effective January 1, 2023.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.8 - Self-Service Storage Insurance › Section 27-2.8-2. - Licensure exemption for owners.

§ 27-2.8-2. Licensure exemption for owners.
(a)
An owner and its authorized representatives and employees may sell, solicit, and offer self-service storage insurance coverage without obtaining an insurance producer license pursuant to the requirements set forth in §§ 27-2.8-3 and 27-2.8-4.
(b)
The supervising entity shall maintain a registry of owner locations at which self-service storage insurance is sold, solicited, or offered in this state. Upon request by the commissioner and with ten (10) days’ notice to the supervising entity, the registry shall be open to inspection and examination by the commissioner during regular business hours of the supervising entity.
History of Section.
P.L. 2022, ch. 342, § 1, effective January 1, 2023; P.L. 2022, ch. 343, § 1, effective January 1, 2023.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.8 - Self-Service Storage Insurance › Section 27-2.8-3. - Requirements for sale of self-service storage insurance.

§ 27-2.8-3. Requirements for sale of self-service storage insurance.
(a)
At every location where self-service storage insurance is offered to occupants, brochures or other written or electronic materials must be made available that:
(1)
Disclose that self-service storage insurance may provide a duplication of coverage already provided by a homeowner’s insurance policy, renter’s insurance policy, or other source of coverage;
(2)
State that the enrollment in the self-service storage insurance program offered by the owner is not required in order to lease storage space at the self-service storage facility;
(3)
Provide the actual terms of the insurance coverage, or summarize the material terms of the insurance coverage, including:
(i)
The identity of the insurer;
(ii)
The identity of the supervising entity;
(iii)
The amount of any applicable deductible and how it is to be paid;
(iv)
Benefits of the coverage; and
(v)
Key terms and conditions of coverage;
(4)
Summarize the process for filing a claim; and
(5)
State that an occupant may cancel enrollment for self-service storage insurance coverage at any time and the person paying the premium shall receive a refund of any applicable unearned premium.
(b)
Self-service storage insurance may be provided under a commercial, corporate, group, or master policy.
History of Section.
P.L. 2022, ch. 342, § 1, effective January 1, 2023; P.L. 2022, ch. 343, § 1, effective January 1, 2023.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-2.8 - Self-Service Storage Insurance › Section 27-2.8-5. - Penalties.

§ 27-2.8-5. Penalties.
If an owner or its employee or authorized representative violates any provision of this chapter, the commissioner, after notice and opportunity for a hearing, may impose any penalty as appropriate pursuant to § 42-14-16.
History of Section.
P.L. 2022, ch. 342, § 1, effective January 1, 2023; P.L. 2022, ch. 343, § 1, effective January 1, 2023.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3 - Surplus Lines Insurance › Section 27-3-38.3. - Exception to life and health and accident exemption.

§ 27-3-38.3. Exception to life and health and accident exemption.
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 insurance with a benefit limit in excess of a benefit limit available from an admitted insurer. For that class of business only, a broker may obtain insurance from the surplus market.
History of Section.
P.L. 2019, ch. 103, § 1; P.L. 2019, ch. 136, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3 - Surplus Lines Insurance › Section 27-3-39. - [Repealed.]

§ 27-3-39. [Repealed.]
History of Section.
P.L. 1959, ch. 155, § 1; P.L. 1993, ch. 180, § 4; P.L. 1994, ch. 404, § 8; P.L. 2000, ch. 161, § 1; P.L. 2011, ch. 14, § 2; P.L. 2011, ch. 22, § 2; repealed by P.L. 2022, ch. 404, § 8, effective June 30, 2022; repealed by P.L. 2022, ch. 405, § 8, effective June 30, 2022.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3 - Surplus Lines Insurance › Section 27-3-40. - Limitations on placing insurance with approved surplus lines insurers.

§ 27-3-40. Limitations on placing insurance with approved surplus lines insurers.
(a)
Surplus lines insurance may be placed by a surplus lines broker if each insurer is authorized to write the type of insurance in its domiciliary jurisdiction;
(b)
A surplus lines licensee shall not place coverage with a nonadmitted insurer, unless, at the time of placement, the nonadmitted insurer:
(1)
Has established satisfactory evidence of good repute and financial integrity; and
(2)
Qualifies under one of the following subparagraphs:
(i)
Has capital and surplus or its equivalent under the laws of its domiciliary jurisdiction which equals the greater of:
(A)
The minimum capital and surplus requirements under the law of this state; or
(B)
Fifteen million dollars ($15,000,000); or
(ii)
For an insurer not domiciled in the United States or its territories, the insurer is listed on the quarterly listing of alien insurers maintained by the NAIC international insurers department or its equivalent
(c)
The capital and surplus requirements of paragraph (b)(2)(i) above may be satisfied by an insurer possessing less than the minimum capital and surplus upon an affirmative finding of acceptability by the commissioner. The finding shall be based upon such factors as quality of management, capital and surplus of any parent company, company underwriting profit and investment income trends, market availability and company record and reputation within the industry. In no event shall the commissioner make an affirmative finding of acceptability when the nonadmitted insurer’s capital and surplus is less than four million five hundred thousand dollars ($4,500,000);
(d)
The commissioner is authorized to enter into a multi-state surplus lines agreement to establish additional and alternative nationwide uniform eligibility requirements that shall be applicable to nonadmitted insurers domiciled in another state or territory of the United States.
History of Section.
P.L. 1959, ch. 155, § 1; P.L. 1996, ch. 188, § 3; P.L. 2005, ch. 287, § 1; P.L. 2011, ch. 14, § 2; P.L. 2011, ch. 22, § 2.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3 - Surplus Lines Insurance › Section 27-3-41. - Service of process.

§ 27-3-41. Service of process.
No person licensed to act as a surplus line broker in the state shall place any risk with any unauthorized insurer unless that insurer has previously, in writing, appointed that broker as an agent for the acceptance of service of process, or unless the unauthorized insurer shall have designated a Rhode Island representative as an agent for the service of process, copies of which shall be filed with the insurance commissioner. The designation of a licensed broker or other representative for the purpose stated shall be cumulative to any other methods which may be provided by law for service of process upon an unauthorized insurer.
History of Section.
P.L. 1959, ch. 155, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3 - Surplus Lines Insurance › Section 27-3-42. - Surplus line broker’s fee.

§ 27-3-42. Surplus line broker’s fee.
No license or renewal of a license to act as a surplus line broker shall be issued under §§ 27-3-38 and 27-3-39 [repealed] until there has been paid to the insurance commissioner, for the use of the state, a fee of fifty dollars ($50.00).
History of Section.
P.L. 1959, ch. 155, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-1. - Purpose.

§ 27-3.2-1. Purpose.
The purpose of this chapter is to establish requirements and standards for continuing education programs for natural persons licensed as insurance producers pursuant to this title.
History of Section.
P.L. 1989, ch. 394, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-2. - Applicability.

§ 27-3.2-2. Applicability.
This chapter applies to resident and nonresident persons licensed to engage in the sale of the following lines of insurance:
(1)
All lines of life insurance and health insurance;
(2)
All lines of property and casualty insurance; and
(3)
All other lines of insurance for which an examination is required for licensing.
History of Section.
P.L. 1989, ch. 394, § 1; P.L. 1995, ch. 180, § 1; P.L. 1995, ch. 215, § 1; P.L. 1998, ch. 122, § 2.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-3. - Exemptions.

§ 27-3.2-3. Exemptions.
This chapter does not apply to:
(1)
Those natural persons holding resident licenses to sell any kind or kinds of insurance for which an examination is not required by the law of this state;
(2)
Persons holding a limited or restricted license which is exempted by the insurance commissioner;
(3)
Non-resident licensees who must meet continuing education requirements established by the insurance department in their home state if the state of their residence, in the opinion of the insurance commissioner, accords substantially similar treatment to residents of this state; or
(4)
Persons holding a license for twenty-five (25) years and who are age fifty-five (55) at the time of renewal. Provided, further, however, that this chapter shall also not apply to any persons who had held a license for at least twenty (20) years and were at least sixty (60) years of age at the time of renewal as of July 3, 2004.
History of Section.
P.L. 1989, ch. 394, § 1; P.L. 2004, ch. 298, § 1; P.L. 2005, ch. 44, § 1; P.L. 2005, ch. 89, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-4. - Educational requirements.

§ 27-3.2-4. Educational requirements.
Any person holding a license issued pursuant to this title and not exempt under § 27-3.2-3 shall satisfactorily complete continuing education courses in accordance with regulations promulgated by the director.
History of Section.
P.L. 1989, ch. 394, § 1; P.L. 1995, ch. 180, § 1; P.L. 1995, ch. 215, § 1; P.L. 2006, ch. 84, § 3; P.L. 2006, ch. 93, § 3.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-5. - Repealed.

§ 27-3.2-5. Repealed.
History of Section.
P.L. 1989, ch. 394, § 1; P.L. 1990, ch. 97, § 1; P.L. 1990, ch. 353, § 1; P.L. 1995, ch. 180, § 1; P.L. 1995, ch. 215, § 1; P.L. 1998, ch. 238, § 1; P.L. 2002, ch. 292, § 11; Repealed by P.L. 2017, ch. 196, § 5, effective July 18, 2017; P.L. 2017, ch. 322, § 5, effective September 27, 2017.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-6. - Compliance.

§ 27-3.2-6. Compliance.
Any person licensed pursuant to this title and not exempt under § 27-3.2-3 shall comply with all of the terms and requirements of this chapter and regulations promulgated hereunder.
History of Section.
P.L. 1989, ch. 394, § 1; P.L. 1995, ch. 180, § 1; P.L. 1995, ch. 215, § 1; P.L. 2006, ch. 84, § 3; P.L. 2006, ch. 93, § 3.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-7. - Penalty.

§ 27-3.2-7. Penalty.
Any person failing to meet the requirements of this chapter and who has not been granted an extension of time within which to comply pursuant to § 27-3.2-6(c), or who has submitted a false or fraudulent certificate of compliance, shall, after a hearing, which hearing may be waived by that person, be subjected to the suspension of all licenses issued for any kinds of insurance, and no further license shall be issued to that person for any kind or kinds of insurance until the time as that person shall have demonstrated to the satisfaction of the commissioner that he or she has complied with all of the requirements of this chapter and all other laws applicable to the license.
History of Section.
P.L. 1989, ch. 394, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-8. - Rules and regulations.

§ 27-3.2-8. Rules and regulations.
The insurance commissioner may make reasonable rules and regulations necessary to effect the purposes of this chapter.
History of Section.
P.L. 1989, ch. 394, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-9. - Fees.

§ 27-3.2-9. Fees.
(a)
Notwithstanding any provision of the general laws to the contrary, there is established a fee of fifteen dollars ($15.00) per annum for the period commencing July 1, 2002, and ending on June 30, 2003, which shall be paid by all persons licensed pursuant to chapter 2.4 of this title, and shall be deposited as general revenues.
(b)
Notwithstanding any provision of the general laws to the contrary, for the period commencing July 1, 2003, the fee shall be five dollars ($5.00) per annum, which shall be paid by all persons licensed pursuant to chapter 2.4 of this title, and shall be deposited as general revenues.
(c)
The fee for approval of a course or program to qualify as a course of continuing education shall be sixty dollars ($60.00), which shall be paid at the time of application and shall be deposited as general revenues.
History of Section.
P.L. 1989, ch. 394, § 1; P.L. 1995, ch. 180, § 1; P.L. 1995, ch. 215, § 1; P.L. 1995, ch. 370, art. 40, § 85; P.L. 2002, ch. 65, art. 13, § 25; P.L. 2002, ch. 292, § 11; P.L. 2009, ch. 68, art. 12, § 8.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-3.2 - Continuing Education Requirements › Section 27-3.2-10. - Severability.

§ 27-3.2-10. Severability.
If any section, term, or provision of this chapter shall be adjudged invalid for any reason, that judgment shall not affect, impair, or invalidate any remaining section, term, or provision, which shall remain in full force and effect.
History of Section.
P.L. 1989, ch. 394, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-1. - Discrimination in rates or amounts payable on death.

§ 27-4-1. Discrimination in rates or amounts payable on death.
No life insurance company organized or doing business within this state shall make any distinction or discrimination as to the premiums or rates charged for policies upon the lives of persons insured, except any distinction or discrimination that shall apply to all persons of the same age, sex, general condition of health, and hope of longevity; nor shall any company make or permit the rejection of an individual’s application for life insurance coverage, and the determination of the rate class for that individual, on the basis of a disability unless that disability is relevant to the risk of loss, nor shall any company make or require any rebate, diminution, or discount upon the sum to be paid on any policy in case of the death of the person insured; nor insert in the policy any condition, nor make any stipulation, where the person insured shall bind himself or herself, his or her heirs, executors, administrators, and assigns, to accept any less sum than the full value or amount of the policy in case of a claim accruing on it by reason of the death of the person insured, other than the conditions or stipulations that are imposed upon all persons in similar cases. Any stipulation or condition made or inserted in this manner shall be void.
History of Section.
P.L. 1931, ch. 1757, § 6; G.L. 1938, ch. 153, § 6; G.L. 1956, § 27-4-1; P.L. 1977, ch. 58, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-1.1. - Denial of applicant based on naloxone prescription.

§ 27-4-1.1. Denial of applicant based on naloxone prescription.
(a)
No life insurance company organized or doing business within this state shall:
(1)
Deny the application of an individual seeking coverage for any life insurance policy pursuant to this chapter solely on the basis that the applicant has a prescription to carry or possess the drug naloxone;
(2)
Otherwise discriminate in the offering, issuance, cancellation, amount of coverage, price, or any other condition of a life insurance policy based solely and without any additional actuarial justification upon the fact that an individual has been issued a prescription for naloxone or has purchased naloxone.
(b)
Any denial of insurance coverage in violation of the provisions of this section:
(i)
Shall be void;
(ii)
The insurer shall reopen the application and underwriting process for consideration of coverage and the life insurance company shall be deemed to have provided coverage to the eligible person retroactive to the date of the initial application.
History of Section.
P.L. 2019, ch. 121, § 1; P.L. 2019, ch. 149, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-2. - Preexisting contracts unaffected by discrimination provisions.

§ 27-4-2. Preexisting contracts unaffected by discrimination provisions.
Sections 27-4-1 and 27-4-4 shall not affect any contracts existing on April 24, 1931.
History of Section.
P.L. 1931, ch. 1757, § 8; G.L. 1938, ch. 153, § 8; G.L. 1956, § 27-4-2.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-3. - Distinctions by insurance producers as to collections.

§ 27-4-3. Distinctions by insurance producers as to collections.
It shall not be lawful for any insurance producer of any life insurance company to make any distinction as to the time and manner of collecting dues upon policies.
History of Section.
P.L. 1931, ch. 1757, § 9; G.L. 1938, ch. 153, § 9; G.L. 1956, § 27-4-3.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-4. - Penalty for unlawful discrimination.

§ 27-4-4. Penalty for unlawful discrimination.
Any life insurance company, and any officer or agent of any life insurance company, violating any of the provisions of §§ 27-4-1 and 27-4-3 shall be subject to penalties determined in accordance with § 42-14-16.
History of Section.
P.L. 1931, ch. 1757, § 7; G.L. 1938, ch. 153, § 7; G.L. 1956, § 27-4-4; P.L. 2007, ch. 134, § 1; P.L. 2007, ch. 210, § 1; P.L. 2008, ch. 475, § 4.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-5. - Misrepresentation as to policies — Penalty — Revocation of license.

§ 27-4-5. Misrepresentation as to policies — Penalty — Revocation of license.
No life insurance corporation doing business in this state, and no officer, director, or agent of that corporation, shall issue or circulate, or cause or permit to be issued or circulated, any estimate, illustration, circular, or statement of any sort misrepresenting the terms of any policy issued by it, or the benefits or advantages promised by it; nor shall any corporation or agent of the corporation orally or in writing make any misrepresentation or incomplete comparisons regarding the cost or terms or conditions or benefits contained in any policy or contract of insurance to any person insured in any other corporation, for the purpose of inducing or tending to induce that person to lapse, forfeit, or surrender his or her insurance in any other corporation. The director of business regulation is empowered to revoke the license of the corporation or insurance producer violating these provisions or access whatever penalty is appropriate in accordance with § 42-14-16 in accordance with the Administrative Procedures Act, chapter 35 of title 42; the license is not to be reinstated until at least three (3) years have elapsed since the date of revocation, but the license may be renewed after a shorter period after revocation, at the discretion of the director of business regulation.
History of Section.
P.L. 1931, ch. 1757, § 10; P.L. 1936, ch. 2423, § 1; G.L. 1938, ch. 153, § 10; impl. am. P.L. 1939, ch. 660, § 120; G.L. 1956, § 27-4-5; P.L. 1979, ch. 140, § 1; P.L. 2007, ch. 134, § 1; P.L. 2007, ch. 210, § 1.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-6. - [Repealed.]

§ 27-4-6. [Repealed.]
History of Section.
P.L. 1931, ch. 1757, § 11; G.L. 1938, ch. 153, § 11; G.L. 1956, § 27-4-6; P.L. 2002, ch. 292, § 12; repealed by P.L. 2022, ch. 404, § 9, effective June 30, 2022; repealed by P.L. 2022, ch. 405, § 9, effective June 30, 2022.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-6.1. - Right to examine and return policy.

§ 27-4-6.1. Right to examine and return policy.
Every individual life insurance policy delivered or issued for delivery in this state after July 1, 1978, and every individual annuity contract delivered in this state after January 1, 1995, shall contain a provision, or in a separate rider attached when delivered, stating in substance that the person to whom the policy or contract is issued shall be permitted to return the policy or contract within a minimum of ten (10) days of its delivery to that person and to have a refund of the premium paid, if after examination of the policy or contract the purchaser is not satisfied with it for any reason. Every individual life insurance policy and every individual annuity contract delivered in this state after January 1, 2008, shall contain a provision, or in a separate rider attached when delivered, stating in substance that the person to whom the policy or contract is issued shall be permitted to return the policy or contract within a minimum of twenty (20) days of its delivery to that person and to have a refund of the premium paid, if after examination of the policy or contract the purchaser is not satisfied with it for any reason. The provision shall be set forth in the policy or contract under an appropriate caption and, if not printed on the face page of the policy or contract, adequate notice of the provision shall be printed or stamped conspicuously on the face page. The policy or contract may be returned to the insurer at its home or branch office or to the insurance producer through whom it was applied for, and then shall be void as from the beginning and as if the policy or contract had not been issued.
History of Section.
P.L. 1977, ch. 206, § 1; P.L. 1994, ch. 404, § 7; P.L. 2007, ch. 134, § 1; P.L. 2007, ch. 210, § 1; P.L. 2008, ch. 240, § 2; P.L. 2008, ch. 310, § 2.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-7. - Privilege against self-incrimination.

§ 27-4-7. Privilege against self-incrimination.
No person shall be excused from attending and testifying or producing any books, papers, or other documents, before any court or magistrate, upon any investigation, proceeding, or trial for a violation of any of the provisions of § 27-4-6 [repealed], upon the ground or for the reason that the testimony or evidence, documentary or otherwise, required of that person may tend to convict him or her of a crime or subject him or her to a penalty or forfeiture. No person shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which that person may testify or produce evidence, documentary or otherwise, and no testimony given or produced shall be received against him or her upon any criminal investigation or proceeding.
History of Section.
P.L. 1931, ch. 1757, § 11; G.L. 1938, ch. 153, § 11; G.L. 1956, § 27-4-7.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-9. - Preexisting contracts unaffected by policy terms provisions.

§ 27-4-9. Preexisting contracts unaffected by policy terms provisions.
The provisions of §§ 27-4-6 — 27-4-8 shall not affect any contract existing on April 24, 1931.
History of Section.
P.L. 1931, ch. 1757, § 11; G.L. 1938, ch. 153, § 11; G.L. 1956, § 27-4-9.
2023 Rhode Island General Laws › Title 27 - Insurance › Chapter 27-4 - Life Insurance Policies and Reserves › Section 27-4-10. - Effect of misstatements in application for policy.

§ 27-4-10. Effect of misstatements in application for policy.
No misstatement made in procuring a policy of life insurance shall be deemed material or render the policy void unless this matter represented shall have actually contributed to the contingency or event on which the policy is to become due and payable. Whether this matter represented contributed to that contingency or event shall be a question for the jury.
History of Section.
P.L. 1931, ch. 1757, § 12; G.L. 1938, ch. 153, § 12; G.L. 1956, § 27-4-10.