§ 27-25-29. Foreign or alien society — Admission.
No foreign or alien society shall transact business in this state without a license issued by the commissioner of insurance. A society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. A society may be licensed to transact business in this state upon filing with the commissioner of insurance:
(1) A duly certified copy of its articles of incorporation;
(2) A copy of its bylaws, certified by its secretary or corresponding officer;
(3) A power of attorney to the commissioner of insurance as prescribed in § 27-25-35;
(4) A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner of insurance, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country, satisfactory to the commissioner of insurance of this state;
(5) Certification from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business in its home state, territory, province, or country;
(6) Copies of its certificate forms;
(7) A showing that its assets are invested in accordance with the provisions of this chapter; and
(8) Any other information that the commissioner of insurance may deem necessary.
History of Section.P.L. 1984, ch. 201, § 2; P.L. 1998, ch. 441, § 22.
Structure Rhode Island General Laws
Chapter 27-25 - Rhode Island Fraternal Code
Section 27-25-1. - Fraternal benefit societies.
Section 27-25-2. - Lodge system.
Section 27-25-3. - Representative form of government.
Section 27-25-4. - Definitions.
Section 27-25-5. - Purposes and powers.
Section 27-25-6. - Qualifications for membership.
Section 27-25-8. - No personal liability.
Section 27-25-10. - Organization.
Section 27-25-11. - Amendments to laws.
Section 27-25-12. - Institutions.
Section 27-25-13. - Reinsurance.
Section 27-25-14. - Consolidations and mergers.
Section 27-25-15. - Conversion of fraternal benefit society into mutual life insurance company.
Section 27-25-17. - Beneficiaries.
Section 27-25-18. - Benefits not attachable.
Section 27-25-19. - The benefit contract.
Section 27-25-21. - Investments.
Section 27-25-23. - Exemptions.
Section 27-25-25. - Valuation.
Section 27-25-27. - Annual license.
Section 27-25-28. - Examination of societies — No adverse publication.
Section 27-25-29. - Foreign or alien society — Admission.
Section 27-25-30. - Injunction — Liquidation — Receivership of domestic society.
Section 27-25-31. - Suspension, revocation, or refusal of license of foreign or alien society.
Section 27-25-32. - Injunction.
Section 27-25-33. - Licensing of insurance producers.
Section 27-25-34. - Unfair methods of competition and unfair and deceptive acts and practices.
Section 27-25-35. - Service of process.
Section 27-25-37. - Penalties.
Section 27-25-38. - Exemption of certain societies.
Section 27-25-39. - Reciprocal fees and charges.
Section 27-25-40. - Payments of commissions to other than agent or insurance producer forbidden.
Section 27-25-41. - Payment of benefits other than insurance benefits.
Section 27-25-42. - Severability.