§ 27-4.6-9 - Supplemental provisions – Rules – Exemption. - Rhode Island Statutes

SECTION 27-4.6-9

   § 27-4.6-9  Supplemental provisions –Rules – Exemption. – (a) The provisions of this chapter are supplemental to any other provisions ofthe laws of this state, and shall not preclude or limit any other powers orduties of the commissioner under those laws, including, but not limited to,chapter 14.3 and chapter 14.2 of this title.

   (b) The commissioner may adopt reasonable rules andregulations necessary for the implementation of this chapter.

   (c) The commissioner may exempt from the application of thischapter any domestic property and casualty insurer which:

   (1) Writes direct business only in this state;

   (2) Writes direct annual premiums of two million dollars($2,000,000) or less; and

   (3) Assume no reinsurance in excess of five percent (5%) ofdirect premium written.