Rhode Island § 27-46-10 § 27-46-10. Purchasing group taxation.

Rhode Island Statutes

§ 27-46-10 — § 27-46-10. Purchasing group taxation.

Rhode Island § 27-46-10

Title 27Insurance

Ch. 27-46Risk Retention Act

This text of Rhode Island § 27-46-10 (§ 27-46-10. Purchasing group taxation.) 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 § 27-46-10 (2026).

Text

§ 27-46-10. Purchasing group taxation.
Premium taxes and taxes on premiums paid for coverage of risks resident or located
            in this state by a purchasing group or any members of the purchasing groups shall
            be:
         
(1) Imposed at the same rate and subject to the same interest, fines, and penalties as
            that applicable to premium taxes and taxes on premiums paid for similar coverage from
            a similar insurance source by other insureds; and
         
(2) Paid first by the insurance source, and if not by the source by the agent or broker
            or producer for the purchasing group, and if not by 

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§ 27-46-10. Purchasing group taxation.

Premium taxes and taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing groups shall be:

(1) Imposed at the same rate and subject to the same interest, fines, and penalties as that applicable to premium taxes and taxes on premiums paid for similar coverage from a similar insurance source by other insureds; and

(2) Paid first by the insurance source, and if not by the source by the agent or broker or producer for the purchasing group, and if not by the agent or broker or producer then by the purchasing group, and if not by the purchasing group then by each of its members.