§ 27-58-8. Sales force.
Solicitation for the purchase or sale of insurance by a financial institution shall be conducted only by persons whose responsibilities do not include loan transactions or other transactions involving the extension of credit, or the taking of deposits. For the purposes of this section solicitation does not include signage on the premises.
History of Section.P.L. 1996, ch. 325, § 1.
Structure Rhode Island General Laws
Chapter 27-58 - The Banking and Insurance Consumer Protection Act
Section 27-58-1. - Short title.
Section 27-58-3. - Definitions.
Section 27-58-4. - Authorization for implementing regulations.
Section 27-58-5. - Licensure requirement.
Section 27-58-6. - Anti-tying provisions.
Section 27-58-7. - Disclosures.
Section 27-58-8. - Sales force.
Section 27-58-9. - No discrimination against non-affiliated agents.
Section 27-58-10. - Confidential customer information.
Section 27-58-11. - Insurance in connection with a loan.
Section 27-58-12. - Physical location of insurance activities.