§ 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.
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.