Rhode Island § 27-58-6 - The Banking and Insurance Consumer Protection Act
Full text of Rhode Island Rhode Island General Laws § 27-58-6 — The Banking and Insurance Consumer Protection Act, with citation guidance and answers to common questions.
§ 27-58-6. The Banking and Insurance Consumer Protection Act
R.I. Gen. Laws § 27-58-6
§ 27-58-6. Anti-tying provisions.
(a) No financial institution may offer a banking product or service, or fix or vary the conditions of this offer, on a condition or requirement that the customer obtains insurance from the financial institution, or any particular insurance producer.
(b) No person shall require or imply that the purchase of an insurance product from a financial institution by a customer or prospective customer of the institution is required as a condition of, or is in any way related to, the lending of money or extension of credit, the establishment or maintenance of a trust account, the establishment or maintenance of a checking or savings account or other deposit account, or the provision of services related to any of these activities.
History of Section.
P.L. 1996, ch. 325, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 27-58-6
What does Rhode Island General Laws § 27-58-6 cover?
Section 27-58-6 ("The Banking and Insurance Consumer Protection Act") 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 § 27-58-6?
A common citation format is "Rhode Island General Laws § 27-58-6" (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 § 27-58-6 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.