Rhode Island General Laws 27-54-5. Disqualification of officer and directors
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No person may serve as a director, officer or senior management official of an insurance company who has been convicted of a felony involving fraud, dishonesty, or a breach of trust.
History of Section.
P.L. 1994, ch. 86, § 1.
Terms Used In Rhode Island General Laws 27-54-5
- Fraud: Intentional deception resulting in injury to another.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6