R.I. Gen. Laws Title 27, Chapter 3: Surplus Lines Insurance

What this document is

R.I. Gen. Laws Title 27, Chapter 3: Surplus Lines Insurance 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 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 § 27-3-38(c) (Surplus line brokers - License - Affidavit of inability to obtain insurance - Reports and records - Premium tax - Notice to purchasers)

  “When any policy of insurance is procured under the authority of that license, there shall be executed, both by the licensee and by the insured, affidavits setting forth facts showing that the insured, or a licensed Rhode Island producer, were unable, after diligent effort, to procure from no less...”

• R.I. Gen. Laws § 27-3-40(b)(2)(i) (Limitations on placing insurance with approved surplus lines insurers)

  “Has capital and surplus or its equivalent under the laws of its domiciliary jurisdiction that equals the greater of: (A) The minimum capital and surplus requirements under the law of this state; or (B) Fifteen million dollars ($15,000,000); or”

Practice this material

Questions about this source

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