Rhode Island § 27-58-9 - The Banking and Insurance Consumer Protection Act
Full text of Rhode Island Rhode Island General Laws § 27-58-9 — The Banking and Insurance Consumer Protection Act, with citation guidance and answers to common questions.
§ 27-58-9. The Banking and Insurance Consumer Protection Act
R.I. Gen. Laws § 27-58-9
§ 27-58-9. No discrimination against nonaffiliated agents.
No financial institution may:
(1) Require as a condition of providing any product or service to any customer, or any renewal of any contract for providing the product or service, that the customer acquire, finance, or negotiate any policy or contract of insurance through a particular insurer or insurance producer;
(2) In connection with a loan or extension of credit that requires a borrower to obtain insurance, reject an insurance policy because that policy has been issued or underwritten by any person who is not associated with that institution;
(3) Impose any requirement on any insurance producer who is not associated with the financial institution that is not imposed on any insurance producer who is associated with that institution; or
(4) Unless otherwise authorized by any applicable federal or state law, require any debtor, insurer, or producer to pay a separate charge in connection with the handling of insurance that is required under a contract.
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 § 27-58-9
What does Rhode Island General Laws § 27-58-9 cover?
Section 27-58-9 ("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 § 27-58-9?
A common citation format is "Rhode Island General Laws § 27-58-9" (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 § 27-58-9 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.