230 R.I. Code R. 230-RICR-20-55-2.8

Current through December 3, 2024
Section 230-RICR-20-55-2.8 - Authority of Commissioner

Whenever it appears to the Commissioner after reasonable notice and hearing that an Alien Insurance Company licensed hereunder has failed to comply with any requirements or limitations of this Part, any other requirements or limitations imposed by the Commissioner, or any other applicable law or regulation of this state, or whenever the Commissioner has determined that the continued operation of any Alien Insurance Company licensed hereunder will or may be hazardous to the policyholders, creditors or general public, the Commissioner may proceed against the Alien Insurance Company licensed hereunder, and/or its United States Branch and/or its Trusteed Assets pursuant to R.I. Gen. Laws Chapters 27-12.2, 27-14.1, 27-14.2, 27-14.3 and 27-14.4 and any other applicable laws and/or regulations.

230 R.I. Code R. 230-RICR-20-55-2.8