| Chapter 205 |
| 2026 -- S 2199 Enacted 06/19/2026 |
| A N A C T |
| RELATING TO INSURANCE -- PRODUCER LICENSING ACT |
Introduced By: Senators McKenney, Tikoian, Burke, Britto, and Urso |
| Date Introduced: January 23, 2026 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 27-2.4-20.1 of the General Laws in Chapter 27-2.4 entitled "Producer |
| Licensing Act" is hereby amended to read as follows: |
| 27-2.4-20.1. Revocation or modification of property and casualty insurance |
| producer’s contract — Procedures. |
| (a) No property and casualty insurance company shall cancel the authority of an insurance |
| producer, having a contract with and placing such insurance with more than one property and |
| casualty insurance company, unless the company gives written notice of its intent to cancel that |
| insurance producer at least fourteen (14) months before the proposed effective date of any |
| cancellation. In such case, no company shall allow the license of that insurance producer to expire |
| unless the company gives written notice of its intent to do so at least fourteen (14) months before |
| the proposed effective date of expiration because of cancellation. In addition, no company shall |
| modify a contract with an insurance producer, unless the company gives written notice of its intent |
| to modify the contract of that insurance producer at least one hundred eighty (180) days before the |
| proposed effective date of the modification. Any change in producer compensation shall be |
| considered a contract modification. |
| (b) When a property and casualty insurance company cancels the authority of an insurance |
| producer having a contract with and placing such insurance with more than one property and |
| casualty insurance company, under the provisions of this section, the company shall continue to |
| renew the expiring policies of the insurance producer who has received notification of cancellation |
| that meets its underwriting guidelines for a period of fourteen (14) months of the issuance of the |
| notice at a rate of compensation to that insurance producer equal to that provided in the expiring |
| contract. |
| (c) The provisions of subsections (a) and (b) do not apply to a property and casualty |
| insurance producer: |
| (1) Convicted of a dishonest act related to his or her occupation as an insurance agent; or |
| (2) Whose license to engage as an insurance producer was revoked; or |
| (3) Whose company surrendered its license to do business in the state; or |
| (4) Who is an employee of the insurance company. |
| SECTION 2. This act shall take effect upon passage. |
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| LC004451 |
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