No society doing business in this state shall pay any commission or other compensation to any person for any services in obtaining in this state any new contract of life, accident, or health insurance, or any new annuity contract, except to a licensed insurance agent or producer of the society and except an agent or insurance producer exempted from licensing by this chapter.
R.I. Gen. Laws § 27-25-40
Payments of commissions to other than agent or insurance producer forbidden
Known as the Rhode Island Fraternal Code
The act spans §§ 27–27 (44 sections).
P.L. 1984, ch. 201, § 2.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.