INSURANCE REGULATION 91 ALIEN INSURANCE COMPANIES -- RHODE ISLAND AS PORT OF ENTRY STATE
230-RICR-20-55-2 INACTIVE RULE
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.