Producer Licensing Act, Continuing Education Requirements, and Claim Adjusters

What this document is

R.I. Gen. Laws Title 27, Chapters 2.4, 3.2 and 10: Producer Licensing Act, Continuing Education Requirements, and Claim Adjusters 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 § 27-2.4-14(d) (Licenses: Denial: Nonrenewal: Suspension or revocation)

  “The insurance commissioner shall retain the authority to enforce the provisions of and impose any penalty or remedy authorized by this chapter and this title against any person who is under investigation for or charged with a violation of this chapter or this title even if the person’s license or...”

• R.I. Gen. Laws tit. 27 § 27-2.4-11(a) (Exemption from examination)

  “An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any pre-licensing education or examination, but shall be required to certify knowledge of Rhode Island law...”

• R.I. Gen. Laws tit. 27 § 27-2.4-17(b) (Reciprocity)

  “A nonresident insurance producer’s satisfaction of his or her home state’s continuing education requirements for licensed insurance producers shall constitute satisfaction of this state’s continuing education requirements if the nonresident insurance producer’s home state recognizes the...”

• R.I. Gen. Laws tit. 27 § 27-2.4-14.1(a) (Appointments)

  “An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed.”

• R.I. Gen. Laws tit. 27 § 27-2.4-9(c) (License)

  “An individual insurance producer who allows his or her license to expire may, within twelve (12) months from the due date of the renewal fee, reinstate this license without the necessity of passing a written examination. A penalty in the amount of double the unpaid renewal fee shall be required for...”

• R.I. Gen. Laws § 27-2.4-19 (Fiduciary capacity of insurance producers; misappropriation as theft)

  “That portion of all premiums or moneys that a licensed insurance producer collects from a policyholder and that is to be paid to an insurance company, its agents, or the insurance producer’s employer because of the assumption of liability through the issuance of insurance contracts, or that the...”

• R.I. Gen. Laws § 27-2.4-23(a) (Errors and omissions insurance required of resident insurance producers)

  “(a) All holders of resident insurance producer licenses issued by the insurance division of the department of business regulation of the state of Rhode Island shall, as a condition for obtaining and retaining such license, carry and maintain errors and omissions insurance covering the business...”

• R.I. Gen. Laws § 27-3.2-7 (Continuing education requirements, penalty)

  “Any person failing to meet the requirements of this chapter and who has not been granted an extension of time within which to comply pursuant to § 27-3.2-6(c), or who has submitted a false or fraudulent certificate of compliance, shall, after a hearing, which hearing may be waived by that person,...”

• R.I. Gen. Laws § 27-10-1.1(i) (Definitions: public adjuster)

  ““Public adjuster” means any person who, for compensation or any other thing of value on behalf of the insured: (1) Acts or aids, solely in relation to first-party claims arising under insurance contracts that insure the real or personal property of the insured, other than automobile, on behalf of...”

• R.I. Gen. Laws § 27-10-8(b) (Emergency licenses)

  “A person who is otherwise qualified to adjust claims, but not already licensed in this state where the catastrophe has been declared, may act as an emergency company or independent adjuster and adjust claims, if, within five (5) days of deployment to adjust claims arising from the declared...”

• R.I. Gen. Laws § 27-2.4-9(a) (License; lines of authority)

  “(3) Property insurance coverage for the direct or consequential loss or damage to property of every kind; (4) Casualty insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property;”

• R.I. Gen. Laws § 27-3.2-3(4) (Exemptions)

  “(4) Persons holding a license for twenty-five (25) years and who are age fifty-five (55) at the time of renewal. Provided, further, however, that this chapter shall also not apply to any persons who had held a license for at least twenty (20) years and were at least sixty (60) years of age at the...”

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More Rhode Island sources

• General Laws of Rhode Island § 27-29-4 - Unfair methods of competition and unfair or deceptive acts or practices definedState statute
• R.I. Gen. Laws Title 27, Chapter 18: Accident and Sickness Insurance PoliciesState statute
• 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 BusinessState statute
• R.I. Gen. Laws Title 27, Chapters 18.6 and 50: Large Group Health Insurance Coverage and the Small Employer Health Insurance Availability ActState statute
• R.I. Gen. Laws Title 27, Chapters 4.8 and 37: Group Life Insurance and Cancellation of Group InsuranceState statute
• R.I. Gen. Laws Title 27, Chapter 34.3: Rhode Island Life and Health Insurance Guaranty Association ActState statute
• R.I. Gen. Laws Title 27, Chapters 4, 4.3, 4.4, 4.9 and 4.10: Life Insurance Policies and Reserves; Standard Nonforfeiture Law for Life Insurance; Standard Nonforfeiture Law for Individual Deferred Annuities; Beneficiaries' Bill of Rights; Mandatory Disclosure of Alternatives to Lapse or SurrenderState statute
• R.I. Gen. Laws Title 27, Chapters 18.2 and 34.2: Medicare Supplement Insurance Policies and Long-Term Care InsuranceState statute