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Rhode Island General Laws Title 27. Insurance § 27-3-41. Service of process

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No person licensed to act as a surplus line broker in the state shall place any risk with any unauthorized insurer unless that insurer has previously, in writing, appointed that broker as an agent for the acceptance of service of process, or unless the unauthorized insurer shall have designated a Rhode Island representative as an agent for the service of process, copies of which shall be filed with the insurance commissioner. The designation of a licensed broker or other representative for the purpose stated shall be cumulative to any other methods which may be provided by law for service of process upon an unauthorized insurer.

(a) The Board shall have authority to make expenditures necessitated by unforeseen emergencies, and may draw on the State's General Fund for that purpose.

(b) Pursuant to section 706 of this title, the Board shall also have authority to transfer appropriations made to other agencies, and to use the transferred amounts to make expenditures necessitated by unforeseen emergencies.

(c) In a fiscal year, the sum of the Board's expenditures under subsections (a) and (b) of this section shall not exceed two percent of the total General Fund appropriation for the year of the expenditures.

Cite this article: - Rhode Island General Laws Title 27. Insurance § 27-3-41. Service of process - last updated January 01, 2022 |

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