Rhode Island General Laws 27-29-4.5. Penalty
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An insurer‘s failure to comply with any requirement of § 27-29-4.4, or any rule or regulation promulgated by the department of business regulation shall result in a fine in a sum of up to five thousand dollars ($5,000).
History of Section.
P.L. 2006, ch. 173, § 1.
Terms Used In Rhode Island General Laws 27-29-4.5
- Insurer: means any person, reciprocal exchange, interinsurer, Lloyds insurer, fraternal benefit society, and any other legal entity engaged in the business of insurance, including agents, brokers, insurance producers, adjusters, and third-party administrators. See Rhode Island General Laws 27-29-2