Rhode Island Annuity

The Rhode Island Division of Insurance Regulation is a division of the Department of Business Regulation. It is located at 1511 Pontiac Ave in Cranston, Rhode Island. The Department of Business Regulation is responsible for implementing state laws and regulating the operations and licensing of the insurance companies and agents who conduct business in the state. The Department was created in 1939 by the Rhode Island General Assembly.

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Rhode Island Insurance Commissioner

Joseph Torti, III was appointed as Associate Director and Superintendent of Insurance in December of 2002. He was appointed Deputy Director and Superintendent of Insurance and Banking in 2008. Superintendent Torti has served the Insurance Division for more than 20 years. Having begun with the division as a senior examiner, he also served as chief insurance examiner. Prior to working for the Insurance Division, he was a bank examiner and an auditor for the Department of Transportation. Superintendent Torti is a Certified Public Accountant and Certified Financial Examiner. He is also a member of the American Institute of Certified Public Accountants and the Institute of Internal Auditors. He is the current Chair of the Financial Regulation Standards and Accreditation Committee and Vice Chair of several other committees. Superintendent Torti is a graduate of Providence College. He graduated cum laude with a Bachelor of Science degree in business administration.

Rhode Island Annuity Resources

The Rhode Island Division of Insurance website is at http://www.dbr.state.ri.us/divisions/insurance. Annuity investors in the state might want to contact insurance companies directly in order to find information. A search of "annuity" and "annuities" results in information about the state lottery. And, while there is one link to a PDF download entitled "Annuities Consumer Guide", the link does not work.

Capital: Providence
State Commissioner: Joseph Torti III
Insurance Hotline: (401) 222-2223
Annuity Guarantee Limit: $100,000
Website: http://www.dbr.state.ri.us/divisions/insurance
Links: Consumer Information