Rhode Island § 27-2.4-15 § 27-2.4-15. Commissions.

Rhode Island Statutes

§ 27-2.4-15 — § 27-2.4-15. Commissions.

Rhode Island § 27-2.4-15

Title 27Insurance

Ch. 27-2.4Producer Licensing Act

This text of Rhode Island § 27-2.4-15 (§ 27-2.4-15. Commissions.) 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 § 27-2.4-15 (2026).

Text

§ 27-2.4-15. Commissions.
(a) No insurer or insurance producer shall pay, directly or indirectly, any commission,
            service fee, brokerage, or other valuable consideration to any person for services
            as an insurance producer unless the person performing the service held a valid license
            regarding the class or classes of insurance as to which the service was rendered at
            the time the service was performed. No person, other than a person properly licensed
            in accordance with this chapter at the time the person performs services as an insurance
            producer, shall accept any commissions, service fee, brokerage, or other valuable
            consideration 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-2.4-15. Commissions.

(a) No insurer or insurance producer shall pay, directly or indirectly, any commission, service fee, brokerage, or other valuable consideration to any person for services as an insurance producer unless the person performing the service held a valid license regarding the class or classes of insurance as to which the service was rendered at the time the service was performed. No person, other than a person properly licensed in accordance with this chapter at the time the person performs services as an insurance producer, shall accept any commissions, service fee, brokerage, or other valuable consideration for the services. Acceptance of the consideration shall constitute operating without a license. This section shall not prevent payment or receipt of renewal or other deferred commissions to or by any person entitled to the payment or receipt under this chapter.

(b) No person shall accept a commission, service fee, brokerage, or other valuable consideration for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under this chapter and is not licensed.

(c) Renewal or other deferred commissions may be paid to a person for selling, soliciting, or negotiating insurance in this state if the person was required to be licensed under this chapter at the time of the sale, solicitation, or negotiation and was licensed at that time.

(d) An insurer or insurance producer may pay or assign commissions, service fees, brokerages, or other valuable consideration to an insurance agency or to persons who do not sell, solicit, or negotiate insurance in this state, unless the payment would violate §§ 27-4-6 [repealed], 27-6-46 [repealed], 27-8-7, 27-9-44 [repealed], and 27-29-4.