230 R.I. Code R. 230-RICR-20-50-1.8
Current through December 3, 2024
Prior to license renewal the Department will obtain confirmation from the Tax Administrator that the Broker has paid a tax of four per cent (4%) on the gross premiums charged the insured by the insurers for policies invoiced on or after July 1, 2010 and three percent (3%) for policies invoiced prior to July 1, 2010, less the amount of such premiums returned to such insureds for risks placed pursuant to the Broker's license. The Department will not renew the license of any Broker for whom the Tax Administrator does not provide such confirmation.
230 R.I. Code R. 230-RICR-20-50-1.8