§ 42-14-9. Payment of expenses — Fees.
(a) The general assembly shall annually appropriate such sum as it may deem necessary
for the payment of the salary of the administrator of banking and insurance, for the
payment of the salaries of his or her deputies and for the payment of the clerical
and other assistance, office and traveling expenses of the administrator of banking
and insurance, his or her deputies and assistants, and the state controller is hereby
authorized and directed to draw his or her orders for the payment of those sums, or
so much of them as may from time to time be required, upon receipt by him or her of
proper vouchers, approved by the director of business regulation. All fees, charges
for examinations, and other collections received by him or her as administrator of
banking, insurance, and securities shall be paid to the general treasurer for the
use of the state.
(b) Reimbursements.
(1) Certain operational costs of the department of business regulation are eligible for
reimbursement from third parties, including, but not limited to, costs of licensing,
and shall also include the following expenses:
(i) All reasonable technology costs related to the examination and licensing process.
Technology costs shall include the actual cost of software and hardware utilized in
the licensing process and the cost of training personnel in the proper use of the
software or hardware.
(ii) All necessary and reasonable education and training costs incurred by the state to
maintain the proficiency and competence of the examining and licensing personnel.
All these costs shall be incurred in accordance with appropriate state of Rhode Island
regulations, guidelines, and procedures.
(iii) All revenues collected pursuant to this section shall be deposited as restricted receipts.
(2) There is created within the general fund a restricted receipt account to be known
as the "banking division reimbursement account.� All funds in the account shall be
utilized by the department of business regulation to effectuate the provisions of
this subsection (b). All funds received for the banking division pursuant to this
subsection (b) shall be deposited in the banking division reimbursement account. The
general treasurer is authorized and directed to draw the treasurer's orders on the
account upon receipt of properly authenticated vouchers from the department of business
regulation.
(3) There is created within the general fund a restricted receipt account to be known
as the "office of the health insurance commissioner reimbursement account.� All funds
in the account shall be utilized by the department of business regulation to effectuate
the provisions of this subsection (b) that relate to reimbursements. All funds received
for the health insurance commissioner pursuant to this subsection (b) shall be deposited
in the office of the health insurance commissioner reimbursement account. The general
treasurer is authorized and directed to draw the treasurer's orders on the account
upon receipt of properly authenticated vouchers from the department of business regulation.
(4) There is created within the general fund a restricted receipt account to be known
as the "securities division reimbursement account.� All funds in the account shall
be utilized by the department of business regulation to effectuate the provisions
of this subsection (b) that relate to reimbursements. All funds received for the securities
division pursuant to this subsection (b) shall be deposited in the securities division
reimbursement account. The general treasurer is authorized and directed to draw the
treasurer's orders on the account upon receipt of properly authenticated vouchers
from the department of business regulation.
(5) There is created within the general fund a restricted receipt account to be known
as the "commercial licensing and racing and athletics division reimbursement account.�
All funds in the account shall be utilized by the department of business regulation
to effectuate the provisions of this subsection (b) that relate to reimbursements.
All funds received for the commercial licensing and racing and athletics division
pursuant to this subsection (b) shall be deposited in the commercial licensing and
racing and athletics division reimbursement account. The general treasurer is authorized
and directed to draw the treasurer's orders on the account upon receipt of properly
authenticated vouchers from the department of business regulation.
(6) There is created within the general fund a restricted receipt account to be known
as the "insurance division reimbursement account.� All funds in the account shall
be utilized by the department of business regulation to effectuate the provisions
of this subsection (b) that relate to reimbursements. All funds received for the insurance
division pursuant to this subsection (b) shall be deposited in the insurance division
reimbursement account. The general treasurer is authorized and directed to draw the
treasurer's orders on the account upon receipt of properly authenticated vouchers
from the department of business regulation.