Rhode Island Property & Casualty Insurance License Exam — All Questions
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2 questions
Rhode Island Licensing & CE
Before a licensed Rhode Island producer may transact business for a specific insurer, what must occur?
- a.Nothing further once the license is issued
- b.The insurer must appoint the producer, with the appointment filed with the Department of Business Regulation✓
- c.The producer must post a surety bond with the state treasurer
- d.The producer must move to the insurer's home state
A license lets a person act as a producer, but to represent a specific insurer that company must appoint the producer, with the appointment on file with the Rhode Island Department of Business Regulation. A producer may hold appointments from several insurers at once.
Rhode Island Licensing & CE
Which statement best describes continuing education for a Rhode Island resident P&C producer?
- a.CE is never required
- b.CE is required only for the first renewal
- c.State-approved continuing education, including an ethics component, is required each renewal cycle✓
- d.CE can be met only by retaking the licensing exam
Following the NAIC model, Rhode Island requires resident producers to complete approved continuing education each renewal cycle, including ethics. The exact hour totals are set by the Rhode Island Department of Business Regulation and should be verified before renewal.