Rhode Island General Laws Title 27. Insurance § 27-48-2. Definitions

(1) “Accredited state” means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners (NAIC);

(2) “Control” or “controlled” has the meaning ascribed in § 27-35-1(c);

(3) “Controlled insurer” means a licensed insurer which is controlled, directly or indirectly, by a producer;

(4) “Controlling producer” means a producer who, directly or indirectly, controls an insurer;

(5) “Director” means the director of the department of business regulation, or his or her designee;

(6) “Licensed insurer” or “insurer” means any person, firm, association, or corporation duly licensed to transact a property or casualty insurance business in this state. The following, inter alia, are not licensed insurers for the purposes of this chapter:

(7) “Producer” means an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, that person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.