§ 27-2-22. Companies owned or controlled in whole or in part by foreign state or government.
No license or certificate of authority to transact any kind of insurance business in this state shall be issued, renewed, or continued in effect to any domestic, foreign, or alien insurance company or other insurance entity which is owned or financially controlled in whole or in part by another state of the United States or by a foreign government or by any political subdivision, instrumentality, or agency of either, or which is an agency or instrumentality of any state government or subdivision, unless the company or entity was owned in this way, controlled, or constituted prior to January 1, 1955, and was authorized to do business in this state on or prior to January 1, 1955.
History of Section.R.P.L. 1957, ch. 162, § 1.
Structure Rhode Island General Laws
Chapter 27-2 - Foreign Insurance Companies
Section 27-2-1. - Compliance by foreign insurance companies required.
Section 27-2-1.1. - Telephone number — Toll free or collect.
Section 27-2-2. - Applicability.
Section 27-2-3. - Reciprocal privileges of nonresident insurance producers.
Section 27-2-4. - Penalty for unlawful business.
Section 27-2-5. - Minimum capital and surplus requirements — Maximum amount of single risk.
Section 27-2-6. - Certificate of deposit for benefit of policyholders.
Section 27-2-6.1. - Special deposit for benefit of policyholders.
Section 27-2-7. - Charter to be filed.
Section 27-2-8. - Statement as to type of company, investments, and risks.
Section 27-2-9. - Statement as to capital, assets, and investments.
Section 27-2-10. - Filing of accident and health policy forms.
Section 27-2-11. - License required — Expiration date.
Section 27-2-12. - Review of refusal to issue or renew license.
Section 27-2-13. - Commissioner as attorney to receive process.
Section 27-2-14. - Forwarding of process by commissioner.
Section 27-2-15. - Provisions against actions in state courts.
Section 27-2-16. - Filing fees — Certificates of compliance.
Section 27-2-17. - Reciprocal fees and charges.
Section 27-2-18. - Life insurance companies’ offices.
Section 27-2-19. - Inquiries as to financial condition.
Section 27-2-21. - Report and prosecution of violations.
Section 27-2-22. - Companies owned or controlled in whole or in part by foreign state or government.
Section 27-2-23. - Discrimination in rates prohibited.
Section 27-2-24. - Revocation or suspension of license of foreign company.
Section 27-2-25. - Notice of revocation or suspension of license.
Section 27-2-26. - Business prohibited during suspension or revocation.