§ 27-10-3 - Issuance of license. - Rhode Island Statutes

SECTION 27-10-3

   § 27-10-3  Issuance of license. – (a) The insurance commissioner may, upon the payment of a license fee of onehundred twenty dollars ($120) plus an application fee established by thecommissioner, issue to any person a license to act as an insurance claimsadjuster once that person satisfies the reasonable requirements for theissuance of the license, as established by the commissioner.

   (b) A Rhode Island resident business entity acting as aninsurance adjuster may elect to obtain an insurance adjusters license.Application shall be made using the uniform business entity application. Priorto approving the application, the commissioner shall find both of the following:

   (1) The business entity has paid the appropriate fees.

   (2) The business entity has designated a licensed adjusterresponsible for the business entity's compliance with the insurance laws andrules of this state.