Rhode Island § 27-13.1-3.1 § 27-13.1-3.1. Authority, scope, and scheduling of financial analysis.

Rhode Island Statutes

§ 27-13.1-3.1 — § 27-13.1-3.1. Authority, scope, and scheduling of financial analysis.

Rhode Island § 27-13.1-3.1

Title 27Insurance

Ch. 27-13.1Examinations

This text of Rhode Island § 27-13.1-3.1 (§ 27-13.1-3.1. Authority, scope, and scheduling of financial analysis.) 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 § 27-13.1-3.1 (2026).

Text

§ 27-13.1-3.1. Authority, scope, and scheduling of financial analysis.
(a) The director and any of the director's examiners may conduct annual and quarterly
            financial analysis under this chapter of each company licensed in this state. All
            authority granted in conducting an examination under this chapter shall apply to the
            conduct of a financial analysis of a company except that a warrant is not required
            and the financial analysis will be conducted based on guidelines and procedures set
            forth in the Financial Analysis Handbook as adopted by the National Association of
            Insurance Commissioners. The director may also employ any other guidelines o

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§ 27-13.1-3.1. Authority, scope, and scheduling of financial analysis.

(a) The director and any of the director's examiners may conduct annual and quarterly financial analysis under this chapter of each company licensed in this state. All authority granted in conducting an examination under this chapter shall apply to the conduct of a financial analysis of a company except that a warrant is not required and the financial analysis will be conducted based on guidelines and procedures set forth in the Financial Analysis Handbook as adopted by the National Association of Insurance Commissioners. The director may also employ any other guidelines or procedures as the director may deem appropriate.

(b) The financial analysis of a company is a continuous process utilized primarily for monitoring the financial strength of a company and therefore a final report is not required, however, where there are significant financial concerns a financial examination under this chapter will be conducted and an examination report will be issued in accordance with § 27-13.1-5.

(c) All correspondence, emails, memorandums, and other documentation used in the financial analysis process are considered to be confidential financial analysis workpapers in accordance with § 27-13.1-5(f).

(d) The total cost of the financial analysis shall be borne by the company as set forth in § 27-13.1-7.