§ 27-32-7. Regulation of issuance and sale of agreements — Rules and regulations.
Notwithstanding any other provisions of law, the insurance commissioner shall have sole authority to regulate the issuance and sale of the agreements and to issue reasonable rules and regulations necessary to carry out the purposes and provisions of this chapter. Provided, the insurance commissioner shall license any person selling annuities.
History of Section.P.L. 1966, ch. 161, § 1; P.L. 1996, ch. 354, § 1.
Structure Rhode Island General Laws
Chapter 27-32 - Pension, Profit Sharing or Annuity Plans
Section 27-32-1. - Separate accounts authorized.
Section 27-32-2. - Investments of accounts.
Section 27-32-3. - Gains or losses allocated to each account.
Section 27-32-4. - Valuation of accounts.
Section 27-32-5. - Benefits on variable basis.
Section 27-32-6. - Prerequisites to delivery of contract — Qualification of company.
Section 27-32-7. - Regulation of issuance and sale of agreements — Rules and regulations.
Section 27-32-8. - Application of insurance laws to separate accounts.