RHODE ISLAND
NRL RULES
Yes |
Accepts licenses for Individuals electronically |
No |
Accepts licenses for Business Entities electronically |
Yes |
Accepts Limited License Classes and Lines of Authority electronically |
Yes |
Applicants can add lines of authority to an existing active license electronically |
Yes |
Applicants can reinstate a license electronically |
CONTACT INFORMATION
Rhode Island Department of Business Regulation
Insurance Division
1511 Pontiac Avenue , Bldg. 69-2
Cranston , RI 02920
STATE SPECIFIC REQUIREMENTS
- Business Entities - Must provide NASD Registration Number (CRD) on the application. Business Entity must register with NASD as a Broker Dealer or an affiliation of a Broker Dealer and must be noted on the NASD website.
- Individuals - Must provide CRD#, Series 63, 6,or 7 exam; and register with the RI Securities Division. Mail registration documents with eNRL transaction page/number to: Rhode Island Dept. of Business Regulation Insurance Division, 233 Richmond Street, Suite 233 , Providence , RI 02903 1511 Pontiac Avenue, Bldg. 69-2 Cranston RI 02920
- Designated Producer(s) are NOT required to hold an active RI license (resident or NRL). The Designated Producer(s) must hold the line(s) of authority that are being requested by the Business Entity.
- The Designated Producer is required to apply and must be approved by Rhode Island Insurance Division; prior to the submission of the business entity application
- Electronic applicants will not receive a refund for state fees if the application is declined.
- Electronic applications will only be issued for a 2-year license term.
- Please provide the transaction page/number along with supporting documentation to the state.
State fees will not be collected by NIPR (on behalf of RI) when a transaction is declined according to RI business rules. Transaction fees and processing fees will still apply. Violation of the following rules will result in a decline response.
- Individual applicants - Applicant must be 18 years old or older as determined from the applicant's Date of Birth.
- Non-Citizens of U.S. Must hold U.S. resident license.
- RI will allow reinstatements of a license if
- Status is not active
- Expiration date is >30 days and less than 365 days.
- Individual applicants - Applicant must enter NASD CRD number on application when applying for Variable.
- Individual applicants - Applicant applying for Variable must also apply for or have Life LOA.
- Business Entity applicants - At least one DRLP must hold an active Resident or Non Resident license in RI.
- Business Entity applicants - The sum of all the LOAs applied for in RI by the Business Applicant must be covered by the sum of the DRLP active licensed LOAs in RI.
- Applicant for Surplus Line Broker License type must hold or apply for Property and Casualty in RI.
- Applicants for Claims Adjuster Licensing: Please note that RI is only reciprocal with the following states: CT,KY,ME,MI,NH,NC,OK,SC,TX,VT,WY. If the applicant is a resident of ANY OTHER STATE they must take the RI exam. Please email ldesilets@dbr.state.ri.us with questions pertaining to reciprocity.