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Rhode Island Director of Business Regulation

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Contents

The Rhode Island Director of Business Regulation is a state executive position in the Rhode Island state government. The director is responsible for regulations and licensing business, professions, occupations, and other specified activities. The director serves statutorily as the State Banking Commissioner, Commissioner of Insurance, Real Estate Administrator, and State Boxing Commissioner.

Current officeholder

The current officeholder is Paul McGreevy.

Authority

The department of business regulation, with the director of business regulation as its head, is established in Section 42-14-1 of the Rhode Island general laws.

§ 42-14-1:

There shall be a department of business regulation. The head of the department shall be the director of business regulation who shall carry out, except as otherwise provided by this title, this chapter; chapters 1, 2, and 4 – 12, inclusive, of title 3; chapters 3, 20.5, 38, 49, 52, 53 and 58 of title 5; chapter 31 of title 6; chapter 11 of title 7; chapters 1 – 29, inclusive, of title 19, except § 19-24-6; chapter 26 of title 23; chapters 1 – 36, inclusive, of title 27. The director of business regulation shall also perform the duties required by any and all other provisions of the general laws and public laws insofar as those provisions relate to the director of revenue and regulation, chief of the division of banking and insurance, chief of the division of intoxicating beverages, and each of the divisions, except as otherwise provided by this title.

Duties

The duties of the department of business regulation are outlined in Title 42 of the Rhode Island general laws. The department is responsible for the regulation of:

  • banking and insurance
  • foreign surety companies
  • sale of securities
  • building and loan associations
  • fraternal benefit and beneficiary societies
  • the manufacture and sale of articles of bedding, upholstered furniture, and filling materials[1]

Divisions

  • Banking Regulation
  • Insurance Regulation
  • Securities Regulation
  • Charitable Organizations
  • Commercial Licensing & Racing & Athletics
  • Design Professionals
  • Board of Accountancy
  • Health Insurance Commissioner

Compensation

In 2010, the Rhode Island Director of Business Regulation was paid an estimated $109,613 according to the Council of State Governments.[2]

Contact information

Department of Business Regulation
1511 Pontiac Avenue
Cranston, RI 02920

Phone: (401) 462-9500
Fax: (401) 462-9532

See also

External links

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References


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