50-State Financial Services Licensing Compliance Guide
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Rhode Island Finance Licensing

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Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Rhode Island.

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Company Licenses

Rhode Island Financial Services Company Licenses

Rhode Island Company/ Independent Adjuster License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$300

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially

Rhode Island Company/Independent Adjuster License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$150

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially

Rhode Island Debt Collector Branch Certificate

Agency:Rhode Island Department of Business Regulation - Division of Banking

Initial Registration

Filing Method:

Online through NMLS

Agency Fee:

$120

Registration Renewal

Filing Method:

Online through NMLS

Agency Fee:

$155

Due:

Annually by December 31.

Amendment

Filing Method:

Online through NMLS

Agency Fee:

$0

Notes:

Changes to a branch office address or branch office manager can be reported online.

Rhode Island Debt Collector Registration

Agency:Rhode Island Department of Business Regulation - Division of Banking
Foreign Qualification is Prerequisite:Yes
Registered Agent (Special Agency) Required?Yes

Initial Registration

Filing Method:

Online through NMLS

Agency Fee:

$100

Registration Renewal

Filing Method:

Online through NMLS

Agency Fee:

$205

Due:

Annually by December 31.

Amendment

Filing Method:

Online through NMLS

Supplemental Reporting
Annual Report

Form:

Annual Report

Agency Fee:

$0

Due:

Annually by March 31.

Rhode Island Insurance Agency License

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

This section applies to insurance firms that are applying for a license in Rhode Island for the first time.

Agency:Rhode Island Division of Insurance Regulation
Form:

http://www.dbr.state.ri.us/divisions/insurance/producersadjusters.php#producers

Agency Fee:

Varies by insurance type. Baseline of $100

Registration Renewal

This section applies to insurance firms that are already licensed in Rhode Island and need to renew their license.

Agency:Rhode Island Division of Insurance Regulation
Form:

http://www.dbr.state.ri.us/divisions/insurance/producersadjusters.php#producers

Agency Fee:

Varies by insurance type. Baseline of $100

Due:

Biennially

Rhode Island Insurance Producer License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$130

Registration Renewal

Filing Method:

Online

Agency Fee:

$130

Due:

Biennially

Rhode Island Insurance Producer License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$120

Registration Renewal

Filing Method:

Online

Agency Fee:

$120

Due:

Biennially

Rhode Island Life Settlement Provider License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$1,050

Registration Renewal

Filing Method:

Online

Agency Fee:

$550

Due:

Biennially

Rhode Island Life Settlement Provider License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$1,050

Registration Renewal

Filing Method:

Online

Agency Fee:

$550

Due:

Biennially

Rhode Island Motor Vehicle Damage Appraiser License - Non-Resident (No Home State)

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially

Rhode Island Portable Electronics Broker License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Portable Electronics Broker License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Public Adjuster License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$200

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Biennially

Rhode Island Public Adjuster License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$300

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially

Rhode Island Reinsurance Intermediary Broker License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Reinsurance Intermediary Broker License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Reinsurance Intermediary Manager License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Reinsurance Intermediary Manager License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Review Agent Certification

Type of Review:

Medical Utilization Review

Agency:Rhode Island Office of the Health Insurance Commissioner
Law:

RI Gen L § 27-18.9-3

Initial Registration

Filing Method:

Online through SERFF

Agency Fee:

$250

Registration Renewal

Filing Method:

Online through SERFF

Agency Fee:

$250

Due:

Biennially by the date of issuance.

Rhode Island Third Party Administrator Certificate of Authority License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Third Party Administrator Certificate of Authority License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Third Party Administrator Registered License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Biennially

Rhode Island Third Party Administrator Registered License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Biennially

Rhode Island Third Party Administrator Waiver Certificate License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Third Party Administrator Waiver Certificate License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Title License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$180

Registration Renewal

Filing Method:

Online

Agency Fee:

$180

Due:

Biennially

Rhode Island Title License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$170

Registration Renewal

Filing Method:

Online

Agency Fee:

$170

Due:

Biennially

Individual Licenses

Rhode Island Individual Financial Services Licenses

Rhode Island Company/ Independent Adjuster License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Company/Independent Adjuster License - Resident

Agency:Rhode Island Division of Insurance Regulation
Exam Required?No

Initial Registration

Filing Method:

Online

Agency Fee:

$300

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Emergency Adjuster License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Rhode Island Emergency Motor Vehicle Damage Appraisers License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$150

Rhode Island Insurance Agent License

Agency:Rhode Island Department of Business Regulation

Initial Registration

This section applies to insurance agents that are applying for a license in Rhode Island for the first time.

Agency Fee:

From $0 to $200 depending on license type

Registration Renewal

Filing Method:

Online

Agency Fee:

Varies based on license type

Due:

Biennially

Rhode Island Insurance Producer License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$130

Registration Renewal

Filing Method:

Online

Agency Fee:

$130

Due:

Biennially

Rhode Island Insurance Producer License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$120

Registration Renewal

Filing Method:

Online

Agency Fee:

$120

Due:

Biennially

Rhode Island Public Adjuster License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Public Adjuster License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$300

Registration Renewal

Filing Method:

Online

Agency Fee:

$300

Due:

Biennially

Rhode Island Reinsurance Intermediary Broker License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Reinsurance Intermediary Broker License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Reinsurance Intermediary Manager License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Reinsurance Intermediary Manager License - Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$250

Registration Renewal

Filing Method:

Online

Agency Fee:

$250

Due:

Biennially

Rhode Island Title License - Non-Resident

Agency:Rhode Island Division of Insurance Regulation

Initial Registration

Filing Method:

Online

Agency Fee:

$180

Registration Renewal

Filing Method:

Online

Agency Fee:

$180

Due:

Biennially

Rhode Island Title License - Resident

Agency:Rhode Island Division of Insurance Regulation
Exam Required?No

Initial Registration

Filing Method:

Online

Agency Fee:

$170

Registration Renewal

Filing Method:

Online

Agency Fee:

$170

Due:

Biennially

Explore licensing in other states:

Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.

Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.

Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.

Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.

Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.

Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.

Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.

Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.

Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.

Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.

Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.

National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.

National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.

National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.

National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.

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