Section 230-RICR-20-50-2.5 - ExemptionsA. This chapter does not apply to: 1. Those residents holding licenses to sell any kind or kinds of insurance for which an examination is not required;2. Residents holding insurance producer licenses limited to credit, crop, travel, surety, car rental or title insurance;3. Non-resident licensees who meet continuing education requirements established by the insurance department in their home state if the home state is reciprocal with the State of Rhode Island; or4. Residents holding a license continuously without a lapse of licensure for twenty-five (25) years and who are age fifty-five (55) at the time of renewal. a. A lapse has occurred if the producer's license expired and was not reinstated.b. A producer's license may be reinstated if the producer submits an Application of License Reinstatement and pays the renewal fee within thirty (30) days of expiration. If the application is submitted more than thirty (30) days after expiration of the license, the licensee must pay both the renewal fee and a reinstatement fee. If a license is reinstated it is not considered to have lapsed. Licenses cannot be reinstated more than one year after expiration.c. A producer who reinstates must complete continuing education in exactly the same manner as would have been required if the license was renewed prior to the expiration date.5. Any exemption granted by the Department.230 R.I. Code R. 230-RICR-20-50-2.5