INSURANCE REGULATION 91 ALIEN INSURANCE COMPANIES -- RHODE ISLAND AS PORT OF ENTRY STATE


230-RICR-20-55-2 INACTIVE RULE

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Title 230 Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter 20 Insurance
Subchapter 55 Insurance Company Licensing
Part 2 INSURANCE REGULATION 91 ALIEN INSURANCE COMPANIES -- RHODE ISLAND AS PORT OF ENTRY STATE
Type of Filing Technical Revision
Regulation Status Inactive
Effective 12/19/2001 to 12/19/2001

Regulation Authority:

of R.I. Gen. Laws § 27-4.6-1,

Purpose and Reason:

This regulation applies to any Alien Insurance Company that seeks the approval of the Commissioner to be treated as a Domestic Insurer of this state pursuant to R.I. Gen. Laws § 27-59-2. Any Alien Insurance Company that has received the Commissioner's authorization to be treated as a Domestic Insurer of this state shall transact all of its United States business through a United States Branch which has been approved pursuant to the requirements of this Regulation. The United States Branch shall also be subject to all state laws and regulations applicable to an insurer domiciled in this state unless otherwise provided.