230 R.I. Code R. 230-RICR-20-55-1.6
Current through December 3, 2024
Whenever a court of competent jurisdiction approves a rehabilitation plan which would create a new company to replace a foreign insurance company that was properly licensed in Rhode Island, or when any state requires the formation of a shell company to facilitate the redomestication of a foreign insurance company that was properly licensed in Rhode Island, to a state other than Rhode Island, the Insurance Commissioner may, at his or her discretion, waive any or all of the requirements of this part and permit the new company to be licensed.
230 R.I. Code R. 230-RICR-20-55-1.6