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Current as of January 01, 2022 | Updated by FindLaw Staff
(a) An application for registration as a provider must be in a form prescribed by the director.
(b) Subject to adjustment of dollar amounts pursuant to § 19-14.8-32(f), an application for registration as a provider must be accompanied by:
(1) The fee established by chapter 14 of this title;
(2) The bond required by § 19-14.8-13;
(3) Identification of all trust accounts required by § 19-14.8-22 and an irrevocable consent authorizing the director to review and examine the trust accounts;
(4) Evidence of insurance in the amount of two hundred fifty thousand dollars ($250,000):
(A) Against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant;
(B) Issued by an insurance company authorized to do business in this state and rated at least “A” by a nationally recognized rating organization;
(C) With a deductible of not more than ten thousand dollars ($10,000);
(D) Payable to the applicant, the individuals who have agreements with the applicant, and this state, as their interests may appear; and
(E) Not subject to cancellation by the applicant without the approval of the director;
(5) If the applicant is a foreign corporation, proof that the applicant holds a certificate of authority to conduct affairs in this state, as required by chapter 6 of title 7; and
(6) If the applicant is organized as a not-for-profit entity or is exempt from taxation, evidence of not-for-profit and tax-exempt status applicable to the applicant under the Internal Revenue Code, 26 U.S.C. § 501, as amended.
Cite this article: FindLaw.com - Rhode Island General Laws Title 19. Financial Institutions § 19-14.8-5. Application for registration--Form, fee and accompanying documents - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-19-financial-institutions/ri-gen-laws-sect-19-14-8-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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