Rhode Island § 27-52-4 - Reinsurance Intermediaries
Full text of Rhode Island Rhode Island General Laws § 27-52-4 — Reinsurance Intermediaries, with citation guidance and answers to common questions.
§ 27-52-4. Reinsurance Intermediaries
R.I. Gen. Laws § 27-52-4
§ 27-52-4. Required contract provisions — Reinsurance intermediary brokers.
Transactions between a RB and the insurer it represents in that capacity shall only be entered into pursuant to a written authorization, specifying the responsibilities of each party. The authorization shall, at a minimum, provide that:
(1) The insurer may terminate the RB’s authority at any time;
(2) The RB will render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges, and other fees received by, or owing, to the RB, and remit all funds due to the insurer within thirty (30) days of receipt;
(3) All funds collected for the insurer’s account will be held by the RB in a fiduciary capacity in a bank that is a qualified U.S. financial institution as defined in this chapter;
(4) The RB will comply with § 27-52-5;
(5) The RB will comply with the written standards established by the insurer for the cession or retrocession of all risks; and
(6) The RB will disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded.
History of Section.
P.L. 1992, ch. 445, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 27-52-4
What does Rhode Island General Laws § 27-52-4 cover?
Section 27-52-4 ("Reinsurance Intermediaries") 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 § 27-52-4?
A common citation format is "Rhode Island General Laws § 27-52-4" (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 § 27-52-4 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.