Rhode Island

Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Insurance producers may charge fees in lieu of receiving commissions for insurance sales, provided the compensation is not in excess of the premium/charge for insurance filed with and approved by the commissioner and/or included in the policy.  R.I. Gen. Laws § 27-2.4-15; R.I. Insurance Bulletin 2002-11. 
No
See regs under charging fees in lieu of commissions
See regs under charging fees in lieu of commissions
No

Malpractice Damage Cap

Damage Cap Amount

State Code

No Cap
N/A