Rhode Island § 27-2-22 § 27-2-22. Companies owned or controlled in whole or in part by foreign state or government.

Rhode Island Statutes

§ 27-2-22 — § 27-2-22. Companies owned or controlled in whole or in part by foreign state or government.

Rhode Island § 27-2-22

Title 27Insurance

Ch. 27-2Foreign Insurance Companies

This text of Rhode Island § 27-2-22 (§ 27-2-22. Companies owned or controlled in whole or in part by foreign state or government.) 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 § 27-2-22 (2026).

Text

§ 27-2-22. Companies owned or controlled in whole or in part by foreign state or government.
No license or certificate of authority to transact any kind of insurance business
            in this state shall be issued, renewed, or continued in effect to any domestic, foreign,
            or alien insurance company or other insurance entity that is owned or financially
            controlled in whole or in part by another state of the United States or by a foreign
            government or by any political subdivision, instrumentality, or agency of either,
            or that is an agency or instrumentality of any state government or subdivision, unless
            the company or entity was owned in this way, controlled, 

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§ 27-2-22. Companies owned or controlled in whole or in part by foreign state or government.

No license or certificate of authority to transact any kind of insurance business in this state shall be issued, renewed, or continued in effect to any domestic, foreign, or alien insurance company or other insurance entity that is owned or financially controlled in whole or in part by another state of the United States or by a foreign government or by any political subdivision, instrumentality, or agency of either, or that is an agency or instrumentality of any state government or subdivision, unless the company or entity was owned in this way, controlled, or constituted prior to January 1, 1955, and was authorized to do business in this state on or prior to January 1, 1955.