§ 27-17-3. Execution by attorney — Office in state.
The contracts shall be executed by an attorney in fact, designated in this chapter as “attorney”, duly authorized and acting for the subscribers, and the attorney may be a foreign corporation. An office or offices of the attorney, referred to in this chapter as a reciprocal exchange or interinsurer, acting for subscribers in issuing contracts or policies insuring property or interests in this state, shall be maintained in this state.
History of Section.P.L. 1952, ch. 3003, § 2; G.L. 1956, § 27-17-3.
Structure Rhode Island General Laws
Chapter 27-17 - Reciprocal Exchanges and Interinsurers
Section 27-17-1. - Admission of foreign exchanges and interinsurers.
Section 27-17-2. - Power of subscribers to exchange reciprocal and interinsurance contracts.
Section 27-17-3. - Execution by attorney — Office in state.
Section 27-17-4. - Declaration filed by attorney — Requirements for admission.
Section 27-17-5. - Service of process.
Section 27-17-6. - Certificate of authority to do business.
Section 27-17-7. - Reinsurance reserve.
Section 27-17-8. - “Net premium deposits” defined.
Section 27-17-9. - Contingent reserve.
Section 27-17-10. - Claim or loss reserve.
Section 27-17-11. - Advance of funds for reserves — Maintenance.
Section 27-17-12. - Deficiencies in reserves.
Section 27-17-13. - Certificate of deposit by foreign exchange or interinsurer.
Section 27-17-14. - Cash premium deposit and contingent liability of subscriber.
Section 27-17-15. - Reports and examination of affairs of exchanges.
Section 27-17-16. - Penalty for doing business without compliance.
Section 27-17-17. - Permits to solicit powers of attorney and applications.
Section 27-17-18. - Insertion of provisions in standard policies.
Section 27-17-19. - Fees and taxes.
Section 27-17-20. - Applicability of insurance producers’ laws.
Section 27-17-21. - Applicability of rating laws.
Section 27-17-22. - Maximum liability on policy.
Section 27-17-23. - Exchange of workers’ compensation insurance.
Section 27-17-24. - Retaliatory laws.
Section 27-17-25. - Hearings on rules and decisions of commissioner.
Section 27-17-26. - Judicial review of orders and decisions of commissioner.