Title 27
Insurance

Chapter 79.1
Travel Insurance Act

R.I. Gen. Laws § 27-79.1-6

§ 27-79.1-6. Premium tax.

(a) A travel insurer shall pay a gross premiums tax, as provided in § 44-17-2, on travel insurance premiums paid by any of the following:

(1) An individual primary policyholder who is a resident of this state;

(2) A primary certificate holder who is a resident of this state who elects coverage under a group travel insurance policy; or

(3) A blanket travel insurance policyholder that is resident in, or has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance in this state for eligible blanket group members, subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions, or that permit the insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions.

(b) A travel insurer shall:

(1) Document the state of residence or principal place of business of the policyholder or certificate holder, as required in this chapter; and

(2) Report as premium only the amount allocable to travel insurance, and not any amounts received for travel assistance services or cancellation fee waivers.

History of Section.
P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.