Rhode Island General Laws Title 27. Insurance § 27-2.8-4. Authority of owners

(a) The employees and authorized representatives of owners may sell, solicit, and offer self-service storage insurance and shall not be subject to licensure as an insurance producer under this title; provided that:

(b) Notwithstanding any other provision of law, employees or authorized representatives of an owner shall not be compensated based primarily on the number of occupants enrolled for self-service storage insurance coverage but may receive compensation for self-service storage insurance which is incidental to their overall compensation.

(c) The charges for self-service storage insurance coverage may be billed and collected by the owner. Any charge for the self-service storage insurance coverage that is not included in the cost associated with the lease of storage space at the self-service storage facility shall be separately itemized on the occupant's bill. If the self-service storage insurance coverage is included in the cost associated with the lease of storage space at the self-service storage facility, the owner shall clearly and conspicuously disclose to the occupant that the self-service storage insurance coverage is included in the cost associated with the lease of storage space at the self-service storage facility. Owners billing and collecting these charges shall not be required to maintain these funds in a segregated account; provided that, the owner is authorized by the insurer or supervising entity to hold these funds in an alternative manner and remits the premiums to the insurer or supervising entity within sixty (60) days of receipt. All premiums received by an owner from an occupant for the sale of self-service storage insurance shall be considered funds held by the owner in a fiduciary capacity for the benefit of the insurer. Owners may receive compensation for billing and collection services.