Section 230-RICR-20-50-5.3 - DefinitionsA. As used in this Regulation: 1. "Amendment to a license" means a claim adjuster or an insurance producer application submitted by a licensee to the Department of Business Regulation requesting that a line or lines of authority be added to or deleted from his, her or its license.2. "Annual contracted producer report" means the report that must be filed annually by each insurance company detailing licensed insurance producers appointed by the insurer. All appointed producers are to be listed in the report whether or not the producer produced insurance for the insurer in this state in the previous calendar year and whether or not commission was paid to the producer by the insurer. The insurance company must pay a fee of $30 per producer to which the insurer paid in excess of $100 in commission in the previous calendar year pursuant to R.I. Gen. Laws § 27-2.4-4(b)(3).3. "Appointed" means an insurance producer acting as an agent of an insurer4. "Continuing education tracking fee" means a fee that all insurance producers are required to pay pursuant to R.I. Gen. Laws § 27-3.2-9.5. "Department" means the Department of Business Regulation, Financial Services Division.6. "License" means an insurance license issued by the Rhode Island Department of Business Regulation.7. "Licensee" means the holder of an insurance license issued by the Rhode Island Department of Business Regulation.8. "NAIC" means the National Association of Insurance Commissioners.9. "Reinstatement" means the process by which an insurance producer license, motor vehicle damage appraiser license, public, independent or company adjuster license or surplus line broker license is reinstated without examination within one (1) year from the date of expiration. A Licensee who allows his or her License to expire will have until one (1) year from the date of expiration to file a new application for a License without having to take an examination. A Licensee must still complete and file a reinstatement application and pay all applicable fees.10. "Resident" means a person who either resides in Rhode Island or maintains an office in Rhode Island where the business of producing insurance is transacted and designates Rhode Island as the residence for purposes of licensure.11. "Returned check" means any check submitted by an applicant for a License or submitted by a Licensee to the Department that is returned to the Department due to insufficient funds.230 R.I. Code R. 230-RICR-20-50-5.3