§ 42-14-5. Superintendents of banking and insurance.
(a) The superintendents of banking and insurance shall administer the functions of the department relating to the regulation and control of banking and insurance.
(b) Wherever the words “banking administrator” or “banking commissioner” or “insurance administrator” or “insurance commissioner” occur in this chapter or any general law, public law, act, or resolution of the general assembly or department regulation, they shall be construed to mean superintendent of banking and superintendent of insurance except as delineated in subsection (d) below.
(c) “Health insurance” shall mean “health insurance coverage,” as defined in §§ 27-18.5-2 and 27-18.6-2, “health benefit plan,” as defined in § 27-50-3 and a “medical supplement policy,” as defined in § 27-18.2-1 or coverage similar to a Medicare supplement policy that is issued to an employer to cover retirees, and dental coverage, including, but not limited to, coverage provided by a nonprofit dental service plan as defined in § 27-20.1-1(3).
(d) Whenever the words “commissioner,” “insurance commissioner,” “health insurance commissioner” or “director” appear in Title 27 or Title 42, those words shall be construed to mean the health insurance commissioner established pursuant to § 42-14.5-1 with respect to all matters relating to health insurance. The health insurance commissioner shall have sole and exclusive jurisdiction over enforcement of those statutes with respect to all matters relating to health insurance.
(e) Whenever the word “director” appears or is a defined term in title 19, this word shall be construed to mean the superintendent of banking established pursuant to this section.
(f) Whenever the word “director” or “commissioner” appears or is a defined term in title 27, this word shall be construed to mean the superintendent of insurance established pursuant to this section except as delineated in subsection (d) of this section.
History of Section.P.L. 1939, ch. 660, § 122; G.L. 1956, § 42-14-5; P.L. 1978, ch. 153, § 1; P.L. 2004, ch. 446, § 1; P.L. 2004, ch. 557, § 1; P.L. 2006, ch. 613, § 1; P.L. 2018, ch. 47, art. 3, § 8.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-14 - Department of Business Regulation
Section 42-14-1. - Establishment — Head of department.
Section 42-14-2. - Functions of department.
Section 42-14-2.1. - Reporting by certain insurers — Settlements.
Section 42-14-2.3. - Minimum policy provisions.
Section 42-14-2.4. - Repealed.
Section 42-14-4. - Financial services division.
Section 42-14-5. - Superintendents of banking and insurance.
Section 42-14-6. - Restrictions on interests of superintendents.
Section 42-14-6.1. - Application for or acceptance of loan by bank examiner.
Section 42-14-7. - Deputies to superintendents.
Section 42-14-8. - Clerical assistance and expenses.
Section 42-14-9. - Payment of expenses — Fees.
Section 42-14-11. - Subpoena power — False swearing.
Section 42-14-12. - Sales of businesses.
Section 42-14-13. - Transfer of powers and functions from department of business regulation.
Section 42-14-14. - License applications — Investigation.
Section 42-14-16. - Insurance — Administrative penalties.
Section 42-14-16.1. - Order to cease and desist.
Section 42-14-17. - Rules and regulations.