Rhode Island § 19-14-34 § 19-14-34. Resident agent — Loss payee.

Rhode Island Statutes

§ 19-14-34 — § 19-14-34. Resident agent — Loss payee.

Rhode Island § 19-14-34

Title 19Financial institutions

Ch. 19-14Licensed Activities

This text of Rhode Island § 19-14-34 (§ 19-14-34. Resident agent — Loss payee.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-14-34 (2026).

Text

§ 19-14-34. Resident agent — Loss payee.
(a) Each licensee shall maintain a resident agent in this state who shall have authority
            to endorse insurance claim checks on behalf of  the licensee.
         
(b) A licensee that has not and will not be included as a loss payee on any insurance
            policy may be exempted from the provisions of subsection (a) of this section and §§ 5-38-26 and 27-5-3.3. An applicant that wishes to obtain an exemption must clearly state in its business
            plan that it is not a loss payee on any insurance policy and must provide the department
            with a statement that it will not be designated as a loss payee on any

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§ 19-14-34. Resident agent — Loss payee.

(a) Each licensee shall maintain a resident agent in this state who shall have authority to endorse insurance claim checks on behalf of the licensee.

(b) A licensee that has not and will not be included as a loss payee on any insurance policy may be exempted from the provisions of subsection (a) of this section and §§ 5-38-26 and 27-5-3.3. An applicant that wishes to obtain an exemption must clearly state in its business plan that it is not a loss payee on any insurance policy and must provide the department with a statement that it will not be designated as a loss payee on any insurance policy. A licensee that obtains an exemption should expect that compliance will be evaluated on examination.