State statute · Rhode Island

Foreign Insurance Companies; Insurance Binders as Evidence of Coverage; Examinations; Unauthorized Insurance Business

R.I. Gen. Laws Title 27, Chapters 2, 9.4, 13.1 and 16

Publisher: webserver.rilegislature.gov
Edition: 2026 General Laws
Last checked: 2026-09-02
Status: RI statutes, public domain

Edition and licensing notes

Edition. 2026 General Laws (Rhode Island General Assembly / Legislative Data Systems statutes site, page-stated 'Search the 2026 General Laws', SessionYear=2026 over /Statutes); History of Section notes in this file run through P.L. 2024

Status. RI statutes, public domain (state government edict).

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What this document is

R.I. Gen. Laws Title 27, Chapters 2, 9.4, 13.1 and 16: Foreign Insurance Companies; Insurance Binders as Evidence of Coverage; Examinations; Unauthorized Insurance Business is a state statute published by webserver.rilegislature.gov. It is one of the Rhode Island documents that insurance license exam questions are written from, including rhode island life & health, rhode island property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

R.I. Gen. Laws tit. 27 § 27-13.1-3(c) (Authority, Scope, and Scheduling of Examinations)
“In lieu of an examination under this chapter of a foreign or alien insurer licensed in this state, the director may accept an examination report on the company as prepared by the insurance department for the company’s state of domicile or port of entry state only if: (1) The insurance department...”
R.I. Gen. Laws tit. 27 § 27-2-26 (Business Prohibited During Suspension or Revocation)
“Any insurance company or its insurance producers shall not make any contracts or issue any policies of insurance in the state after its revocation or suspension is effective or until its license is restored by the insurance commissioner.”
R.I. Gen. Laws tit. 27 § 27-2-19 (Inquiries as to Financial Condition)
“The insurance commissioner may inquire of any life, fire, marine, or fire and marine, or other insurance company, of any name or kind, doing business in this state, or of its secretary, in relation to its financial condition and management, and the inquiry shall be promptly answered.”
R.I. Gen. Laws tit. 27 § 27-2-23(a) (Discrimination in Rates Prohibited)
“No foreign insurance company licensed to do or doing business in this state shall make any distinction or discrimination as to the premiums or rates charged for policies of casualty, fire, home owners, accident and health, or marine insurance, nor shall any company make or permit the rejection of...”
R.I. Gen. Laws tit. 27 § 27-13.1-4(b) (Conduct of Examinations, Access and Refusal)
“The refusal of a company, by its officers, directors, employees, or agents, to submit to examination or to comply with any reasonable written request of the examiners shall be grounds for suspension or refusal of, or nonrenewal of any license or authority held by the company to engage in an...”
R.I. Gen. Laws § 27-2-20 (Validity of contracts of noncomplying companies; penalty on insurance producers; actions by company)
“If any insurance company, cooperative or otherwise, makes insurance without complying with the provisions of this chapter, the contract shall be valid, but every person acting within this state as an insurance producer of the company within the meaning of chapter 2.4 of this title, respecting the...”
R.I. Gen. Laws § 27-2-3(a) (Reciprocal privileges of nonresident insurance producers)
“(a) Any commission received by a Rhode Island licensed resident insurance producer may be shared with another licensed resident insurance producer, or with a licensed nonresident insurance producer; provided, that if the nonresident insurance producer resides in, or is a licensed insurance producer...”
R.I. Gen. Laws § 27-9.4-4 (Insurer obligations)
“An insurer that provides an insurance binder is obligated to provide the coverage according to the terms of such binder until the insurer issues the insurance policy or cancels the binder.”
R.I. Gen. Laws § 27-2-23(b) (Discrimination in rates prohibited)
“(b) No foreign insurance company licensed to do or doing business in this state shall make any distinction or discrimination as to the premiums or rates charged for automobile insurance policies, nor shall the company make or permit the rejection of an individual’s application for insurance...”
R.I. Gen. Laws § 27-13.1-3(a) (Authority, scope, and scheduling of examinations)
“The director or any of the director’s examiners may conduct an examination under this chapter of any company as often as the director in the director’s sole discretion deems appropriate, but shall, at a minimum, conduct an examination of every insurer licensed in this state not less frequently than...”
R.I. Gen. Laws § 27-2-5 (Minimum capital and surplus requirements)
“No insurance company not incorporated under the authority of this state shall make any contract of insurance with any person in this state unless the capital stock of the company is at least equal to one million dollars ($1,000,000) and the gross paid in and contributed surplus of the company is at...”
R.I. Gen. Laws § 27-2-30(a) (Notification of a cybersecurity event)
“Each insurer shall notify the commissioner as promptly as possible but in no event later than three (3) business days from a determination that a cybersecurity event has occurred when the insurer reasonably believes that the nonpublic information involved affects two hundred fifty (250) or more...”

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Questions about this source

R.I. Gen. Laws Title 27, Chapters 2, 9.4, 13.1 and 16: Foreign Insurance Companies; Insurance Binders as Evidence of Coverage; Examinations; Unauthorized Insurance Business is a state statute published by webserver.rilegislature.gov. Edition: 2026 General Laws (Rhode Island General Assembly / Legislative Data Systems statutes site, page-stated 'Search the 2026 General Laws', SessionYear=2026 over /Statutes); History of Section notes in this file run through P.L. 2024.

No. This page summarizes the document and links to the official version. Always rely on the text published by webserver.rilegislature.gov for the current law.

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