Rhode Island Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Rhode Island?

• a.The Rhode Island Division of Motor Vehicles
• b.The Insurance Division of the Department of Business Regulation (DBR)✓
• c.The Rhode Island Bureau of Insurance Agents
• d.The federal Department of Insurance

Insurance in Rhode Island is regulated by the Insurance Division of the Department of Business Regulation (DBR). It licenses producers, reviews rates and forms, and enforces the insurance code. There is no federal insurance department. Source: Rhode Island Department of Business Regulation (https://dbr.ri.gov).

After a producer is licensed in Rhode Island, what generally must occur before transacting business for a specific insurer?

• a.Nothing further — the license alone authorizes sales for any insurer
• b.The insurer must appoint the producer, with the appointment on file with the DBR Insurance Division✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must first sell to at least five clients on a temporary permit

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment filed with the Rhode Island DBR Insurance Division. A producer may hold appointments from several insurers at once. This follows the NAIC producer-licensing model Rhode Island uses.

Which statement about continuing education (CE) for resident personal lines producers in Rhode Island is correct?

• a.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the DBR Insurance Division✓
• b.CE is optional and only recommended for new producers
• c.CE is required once, in the first year, and never again
• d.Passing the licensing exam permanently exempts a producer from all CE

Like other states, Rhode Island requires resident producers to complete approved continuing education each renewal cycle, typically including an ethics component, before renewing. Because specific hour totals can change, verify the current CE requirement with the Rhode Island Department of Business Regulation (https://dbr.ri.gov).