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Section 27-59-3 Approval of the commissioner.

RI Gen L § 27-59-3 (2019) (N/A)
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§ 27-59-3. Approval of the commissioner. The commissioner in determining whether to approve an alien insurance company may consider:

(1) Maintenance of an appropriate trust account, surplus account, or other financial mechanisms in this state;

(2) Maintenance of all books and records of the United States operations in this state;

(3) Maintenance of a separate financial reporting system for its United States operations; and

(4) Any other provisions deemed necessary by the insurance commissioner.

History of Section. (P.L. 1997, ch. 67, § 1.)

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Section 27-59-2 Licensing authority.
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