Current through December 3, 2024
Section 230-RICR-20-50-5.7 - Annual Contracted Producers ReportA. Each licensed insurance company doing business in Rhode Island must file with the Department a report listing each insurance producer appointed by the insurer for business written in Rhode Island.B. The report shall be filed with the Department on or prior to March 1 of each year and shall provide a listing of all insurance appointed for the prior calendar year.C. Each licensed insurer shall pay to the Department a fee of $30 for each producer listed in the report 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).D. All contracted producer reports shall be filed electronically in accordance with instructions given by the Department.E. The Department may contract with outside vendors for the electronic processing of the report and may require that licensed insurers pay a reasonable fee to such vendors for processing of the report.230 R.I. Code R. 230-RICR-20-50-5.7