280-20-60 R.I. Code R. § 1.6

Current through June 20, 2024
Section 280-RICR-20-60-1.6 - Methodology for Calculating Qualifying Jobs
A. The Department of Business Regulation's ("DBR") Division of Insurance ("DOI") will annually request and compile information from Qualifying Insurers regarding their employment levels in Rhode Island, including the number of Qualifying Jobs they have within Rhode Island and other associated information, related to income taxes paid to Rhode Island by those employees and/or to ensure the accuracy of the information. During the first year, and after any changes to the definition(s) of Qualifying Job and/or Qualifying Insurer, DBR will also request additional information concerning the Baseline year.
B. DBR will present the information it obtained from Qualifying Insurers to the Committee for review and questions. If necessary, DBR may seek additional information for particular insurers.
C. The Department of Revenue ("DOR") will obtain the information reported by DBR and review the numbers against information contained within DOR files to both verify DBR's information and ensure compliance with R.I. Gen. Laws § 44-17-1, as amended.
D. DOR will report back to the Committee on the results of its review.
E. The Committee may use additional available information compiled through other statistical bodies (such as the RI Department of Labor's Labor Markets Information Division, which compiles information regarding employment within the state according to industrial job classification) in reviewing the reported Qualifying Jobs at Qualifying Insurers.
F. The Committee will review the information compiled by DBR and reviewed by DOR. The Committee may request that DBR and/or DOR seek additional information and/or review additional information in completing its statutory tasks.
G. The Committee will identify any sources that it used to ensure that the information in its annual rulemaking was accurate, and include the specific numbers it found during its rulemaking in a report. Any confidential information used by the Committee or its members in its rulemaking will not become public by virtue of its use in this process.
H. The Committee's annual rulemaking will include figures it determined regarding the Qualifying Jobs at Qualifying Insurers, in addition to a comparison between insurance jobs in the Baseline year compared to the year in review.

280 R.I. Code R. § 280-RICR-20-60-1.6