§ 42-14-5 — § 42-14-5. Superintendents of banking and insurance.

Rhode Island § 42-14-5

• Jurisdiction: Rhode Island
• Title 42: State Affairs and Government
• Ch. 42-14: Department of Business Regulation

Text

§ 42-14-5. Superintendents of banking and insurance.

(a) The superintendents of banking and insurance shall administer the functions of the department relating to the regulation and control of banking and insurance.

(b) Wherever the words "banking administrator� or "banking commissioner� or "insurance administrator� or "commissioner� or "insurance commissioner� occur in this chapter or any general law, public law, act, or resolution of the general assembly or department regulation, they shall be construed to mean superintendent of banking and superintendent of insurance except as delineated in subsection (d) below.

(c) "Health insuranceâ€� shall mean "health insurance coverage,â€� as defined in §§ 27-18.5-2 and 27-18.6-2, "health benefit plan,â€� as defined in § 27-50-3, and a "Medicare supplement policy,â€� as defined in § 27-18.2-1 or coverage similar to a Medicare supplement policy that is issued to an employer to cover retirees, and dental coverage, including, but not limited to, coverage provided by a nonprofit dental service plan as defined in § 27-20.1-1(3).

(d) Whenever the words "commissioner,â€� "insurance commissioner,â€� "health insurance commissioner,â€� or "directorâ€� appear in title 27 or this title, those words shall be construed to mean the health insurance commissioner established pursuant to § 42-14.5-1 with respect to all matters relating to health insurance. The health insurance commissioner shall have sole and exclusive jurisdiction over enforcement of those statutes with respect to all matters relating to health insurance except for purposes of producer licensing or producer appointments.

(e) Whenever the word "director� appears or is a defined term in title 19, this word shall be construed to mean the superintendent of banking established pursuant to this section.

(f) Whenever the word "director� or "commissioner� appears or is a defined term in title 27, this word shall be construed to mean the superintendent of insurance established pursuant to this section except as delineated in subsection (d) of this section.

Legislative History

P.L. 1939, ch. 660, § 122; G.L. 1956, § 42-14-5; P.L. 1978, ch. 153, § 1; P.L. 2004, ch. 446, § 1; P.L. 2004, ch. 557, § 1; P.L. 2006, ch. 613, § 1; P.L. 2018, ch. 47, art. 3, § 8; P.L. 2024, ch. 318, § 5, effective June 25, 2024; P.L. 2024, ch. 319, § 5, effective June 25, 2024.