§ 27-59-2 - Licensing authority. - Rhode Island Statutes

SECTION 27-59-2

   § 27-59-2  Licensing authority. – Any alien insurance company, with the approval of the commissioner, may betreated, in whole or in part, as a domestic insurer of this state; provided,that:

   (1) The alien insurance company appoints a residentregistered agent to accept service of process and to act on its behalf in thisstate. Whenever the registered agent cannot with reasonable diligence be foundat the registered office of the alien insurance company, the commissioner shallbe an agent of the alien insurance company on which any process, notice, ordemand may be served; and

   (2) The alien insurance company obtains from the commissionera license authorizing it to do insurance business in the state.