§ 27-2.4-1. Purpose and scope.
(a) This chapter governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency, permits the use of new technology and reduces costs associated with issuing and renewing insurance licenses. This chapter does not apply to excess and surplus lines agents and brokers licensed pursuant to § 27-3-38 except as provided in §§ 27-2.4-10 and 27-2.4-17.
(b) Whenever the words “agent”, “solicitor”, or “broker” and their plural construct are used in the context of a licensee pursuant to chapter 3 of this title and occur in this chapter, any general law, public law, act or resolution of the general assembly or department of business regulation, those words mean insurance producer, except for those provisions of law and regulation which govern excess and surplus lines agents or brokers licensed pursuant to § 27-3-38.
History of Section.P.L. 2001, ch. 14, § 3; P.L. 2001, ch. 15, § 3.
Structure Rhode Island General Laws
Chapter 27-2.4 - Producer Licensing Act
Section 27-2.4-1. - Purpose and scope.
Section 27-2.4-2. - Definitions.
Section 27-2.4-3. - License required.
Section 27-2.4-5. - Exceptions to licensing.
Section 27-2.4-6. - Order to cease unlicensed activities.
Section 27-2.4-7. - Application for examination.
Section 27-2.4-8. - Application for license.
Section 27-2.4-10. - Nonresident licensing.
Section 27-2.4-11. - Exemption from examination.
Section 27-2.4-12. - Assumed names.
Section 27-2.4-13. - Temporary licenses.
Section 27-2.4-14. - Licenses — Denial — Nonrenewal — Suspension or revocation.
Section 27-2.4-15. - Commissions.
Section 27-2.4-15.1. - Compensation disclosure.
Section 27-2.4-16. - Notification to insurance commissioner of termination.
Section 27-2.4-17. - Reciprocity.
Section 27-2.4-18. - Reporting of actions.
Section 27-2.4-19. - Fiduciary capacity of insurance producers — Misappropriation as theft.
Section 27-2.4-20. - Revocation or modification of insurance producer’s contract — Procedures.
Section 27-2.4-21. - Regulations.
Section 27-2.4-22. - Severability.
Section 27-2.4-23. - Errors and omissions insurance required of resident insurance producers.