230 R.I. Code R. 230-RICR-20-60-4.7
Current through October 15, 2024
Records to be maintained relating to the insurer's compliance with licensing requirements shall include the licensing records of each producer, adjuster or appraiser associated with the insurer. Licensing records shall be maintained so as to show clearly the licensing status of the producer, adjuster or appraiser at the time of solicitation, negotiation or procurement. It is incumbent upon the insurer to verify and keep track of the license expiration date and renew the license as required for each producer or adjuster associated with the insurer. A screenprint from the Producer Database (PDB) may serve to provide adequate proof only of a producer's current licensing status.
230 R.I. Code R. 230-RICR-20-60-4.7