230 R.I. Code R. 230-RICR-20-45-4.1
This Part is applicable to all domestic stock insurers having one hundred (100) or more stockholders; provided, however, that this Part shall not apply to any insurer if ninety-five percent (95%) or more of its stock is owned or controlled by a parent or an affiliated insurer and the remaining shares are held by less than five hundred (500) stockholders. A domestic stock insurer which files with the Securities and Exchange Commission forms of proxies, consents and authorizations complying with the requirements of the Securities and Exchange Act of 1934 and the Securities and Exchange Acts Amendments of 1964 and Regulation 14A of the Securities and Exchange Commission promulgated thereunder shall be exempt from the provisions of this Part.
230 R.I. Code R. 230-RICR-20-45-4.1