Rhode Island General Laws 27-20.2-6. Commission plans for solicitors or insurance producers
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No person shall be engaged to solicit subscribers to any nonprofit optometric service plan upon a commission basis or upon any other basis by which the payment of the compensation or expenses of the person shall be conditioned upon the enrollment of subscribers, unless the method of solicitation and rate of compensation shall have had the prior written approval of the director of business regulation.
History of Section.
P.L. 1960, ch. 69, § 1.
Terms Used In Rhode Island General Laws 27-20.2-6
- Nonprofit optometric service plan: means a plan by which specified optometric service is provided to subscribers to the plan by a nonprofit optometric service corporation. See Rhode Island General Laws 27-20.2-1
- Optometric service: means the professional services rendered by persons duly licensed under the laws of this state to practice optometry or the expense indemnity for the services, appliances, supplies, and care as may be specified in any nonprofit optometric service plan. See Rhode Island General Laws 27-20.2-1
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- Subscribers: means those persons or groups of persons who contract with a nonprofit optometric service corporation for optometric service pursuant to a nonprofit optometric service plan. See Rhode Island General Laws 27-20.2-1