Rhode Island General Laws 27-20.7-13. Waiver of application for certification
Upon request from an administrator, the commissioner may waive the application requirements of § 27-20.7-12(b) if the administrator has a valid certificate of authority as an administrator issued in a state which has standards for administrators that are at least as stringent as those contained in the model statute for third party administrators of the National Association of Insurance Commissioners.
History of Section.
P.L. 2001, ch. 83, § 1; P.L. 2001, ch. 242, § 1.
Terms Used In Rhode Island General Laws 27-20.7-13
- Administrator: means a person who directly or indirectly solicits or effects coverage of, underwrites, collects charges or premiums from, or adjusts or settles claims on residents of this state, or residents of another state from offices in this state, in connection with life or health insurance coverage or annuities, except any of the following:
(i) An employer on behalf of its employees or the employees of one or more subsidiaries or affiliated corporations of the employer;
(ii) A union on behalf of its members;
(iii) An insurer which is authorized to transact insurance in this state with respect to a policy lawfully issued and delivered in and pursuant to the laws of this state or another state;
(iv) A producer licensed to sell life or health insurance in this state, whose activities are limited exclusively to the sale of insurance;
(v) A creditor on behalf of its debtors with respect to insurance covering a debt between the creditor and its debtors;
(vi) A trust and its trustees, agents and employees acting pursuant to the trust established in conformity with 29 U. See Rhode Island General Laws 27-20.7-2
- Commissioner: means the commissioner of insurance. See Rhode Island General Laws 27-20.7-2
- Statute: A law passed by a legislature.