Section 27-2-16. – Filing fees — Certificates of compliance.
§ 27-2-16. Filing fees — Certificates of compliance. (a) Every insurance company not incorporated in this state applying for admission to transact business in the state shall pay to the insurance commissioner, for the use of the state, for filing a copy of its charter or deed of settlement, the sum of thirty dollars ($30.00), […]
Section 27-2-17. – Reciprocal fees and charges.
§ 27-2-17. Reciprocal fees and charges. (a) Whenever, by the laws of any other state of the United States, any fees, charges, taxes, deposits of money or of securities, or other obligations or prohibitions are imposed on insurance companies incorporated or organized under the laws of this state or on the insurance producers of the […]
Section 27-2-18. – Life insurance companies’ offices.
§ 27-2-18. Life insurance companies’ offices. Every life insurance company doing business in this state, and whose premium income received from the inhabitants of this state in any one year shall exceed twenty-five thousand dollars ($25,000), shall equip and maintain an office in this state, satisfactory to the insurance commissioner, for the transaction of business […]
Section 27-2-19. – Inquiries as to financial condition.
§ 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. History […]
Section 27-2-20. – Validity of contracts of non-complying companies — Penalty on insurance producers — Actions by company.
§ 27-2-20. Validity of contracts of non-complying 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 […]
Section 27-2-6. – Certificate of deposit for benefit of policyholders.
§ 27-2-6. Certificate of deposit for benefit of policyholders. No insurance company, association, or society incorporated by or organized under the laws of any other state or government shall make within this state any contract of insurance unless it has deposited securities created by the laws of the United States, or by or under laws […]
Section 27-2-6.1. – Special deposit for benefit of policyholders.
§ 27-2-6.1. Special deposit for benefit of policyholders. (a) The insurance commissioner may require any insurance company, association, or society incorporated by or organized under the laws of any other state or government which seeks to make within this state any contract of insurance to make a special deposit as a condition to licensing. The […]
Section 27-2-7. – Charter to be filed.
§ 27-2-7. Charter to be filed. Every insurance company not incorporated under the authority of this state shall, before making any contract of insurance with any person in this state, deposit with the insurance commissioner a copy of the charter of the company. History of Section.G.L. 1896, ch. 182, § 11; G.L. 1909, ch. 220, […]
Section 27-2-8. – Statement as to type of company, investments, and risks.
§ 27-2-8. Statement as to type of company, investments, and risks. Every company, before making any contract of insurance, shall deposit with the insurance commissioner a statement, signed and sworn to by the president and secretary of the company, specifying that the company is a fire, marine, or fire and marine, life, health, accident, or […]
Section 27-2-9. – Statement as to capital, assets, and investments.
§ 27-2-9. Statement as to capital, assets, and investments. Every life insurance company, health insurance company, livestock, or other insurance company, cooperative, or assessment, shall before making any contract of insurance, deposit with the insurance commissioner a statement signed and sworn to by the president and secretary of the company, specifying the amount of its […]