Rhode Island § 27-25-44 - Rhode Island Fraternal Code
Full text of Rhode Island Rhode Island General Laws § 27-25-44 — Rhode Island Fraternal Code, with citation guidance and answers to common questions.
§ 27-25-44. Rhode Island Fraternal Code
R.I. Gen. Laws § 27-25-44
§ 27-25-44. Fraternal benefit society assessment.
(a) Notwithstanding any other provisions of law, each domestic fraternal benefit society shall be charged an assessment to partially support the activities of the division of insurance in the department of business regulation.
(b) Each society’s assessment shall be determined in accordance with the following ratio: (1) By dividing the society’s total direct premiums, including annuities, less policyholder dividends by total direct premiums, including annuities, less policyholder dividends of all domestic insurance companies plus the total direct premiums of domestic companies licensed or regulated pursuant to chapters 19, 20, 20.1, 20.2, 20.3, 25, and 41 of this title, and chapter 62 of title 42, and then by (2) Multiplying the resulting ratio times two hundred thousand dollars ($200,000).
(c) The minimum assessment charged shall be the greater of the sum determined by subsection (b) of this section or one thousand dollars ($1,000).
History of Section.
P.L. 1990, ch. 65, art. 29, § 7; P.L. 2002, ch. 292, § 58.
Frequently Asked Questions About Rhode Island § 27-25-44
What does Rhode Island General Laws § 27-25-44 cover?
Section 27-25-44 ("Rhode Island Fraternal Code") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 27-25-44?
A common citation format is "Rhode Island General Laws § 27-25-44" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 27-25-44 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.