§ 27-2.4-7. Application for examination.
(a) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to § 27-2.4-11. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer and the insurance laws and regulations of this state. Examinations required by this section shall be developed and conducted under rules and regulations prescribed by the insurance commissioner.
(b) The insurance commissioner may make arrangements, including contracting with an outside testing service, for administering examinations and collecting a nonrefundable fee.
(c) Each individual applying for an examination shall remit a nonrefundable fee as prescribed by the department pursuant to rule and regulation.
(d) An individual who fails to appear for the examination as scheduled or fails to pass the examination, shall reapply for an examination and remit all required fees and forms before being rescheduled for another examination.
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.