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Kidnap and Ransom Insurance in Rhode Island

The NAIC chart cites R.I. Gen. Laws § 27-3-38 for single-state surplus-lines tax treatment in Rhode Island. Ask your broker to show that charge separately from insurer premium and match insured people, territory, and covered events to your travel plan. 1

What Is Kidnap And Ransom?

Kidnap and ransom insurance provides financial protection for specified kidnapping and extortion events and gives the business access to a crisis-response firm. Check who is insured, which events are named, and how territory and sanctions terms apply to your actual travel. Read the national Kidnap and ransom guide.

What to Watch for in Rhode Island

  • State Charges on a Nonadmitted Placement

    For a single-state surplus-lines placement in Rhode Island, the NAIC chart cites R.I. Gen. Laws § 27-3-38 as the tax authority. Ask the broker to show the state charge, taxable premium base, and allocation separately on the K&R binder. 1

  • Guaranty-Fund Eligibility

    A guaranty association does not promise payment on every insolvent-insurer claim. Ask which state fund, if any, could respond to this K&R insurer and get the answer with the policy documents. The chart cites R.I. Gen. Laws § 27-3-38 for surplus-lines tax, but paying that charge does not establish guaranty eligibility; ask for the insurer's insolvency disclosure too. 2,1

  • Sanctions and Cyber Extortion

    For any cyber-extortion extension, get the response contact and payment approval steps in writing. OFAC says a ransomware payment involving a sanctioned party can violate U.S. sanctions. For multi-state risks, the chart cites R.I. Gen. Laws § 27-3-38 for the state tax rule; ask how K&R and any cyber extension are allocated before comparing quotes. 3,1

Who Regulates Insurance in Rhode Island

Rhode Island Department of Business Regulation, Insurance Division

The DBR Insurance Division provides an online public verification service for producers, adjusters, surplus-lines brokers, and other licensees, and accepts insurance complaints online. Contact the Division for help determining whether it has authority over a particular policy or dispute. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 4% of net taxable premium; 2018 filing guide excludes listed broker, carrier and inspection fees Rhode Island’s 2024 return applies 4% to net taxable premium (gross premium less returned premium); its 2018 filing guide excludes broker, carrier, and inspection fees from the base. Confirm fee treatment with the Division of Taxation if your bill separates those charges, because no newer official fee-base guidance was located. 7,8

Providers With Documented State Licenses

These providers publish a national listing for Kidnap and ransom; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Rhode Island. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 11

Questions to Ask Before You Buy in Rhode Island

  1. Will you identify whether this Rhode Island K&R policy is admitted or surplus lines and show the state tax and fees separately?
  2. If the insurer becomes insolvent, would this exact policy qualify for protection under Rhode Island's guaranty statute?
  3. Which employees, family members, travel destinations, and extortion events are insured under this quote?
  4. If cyber extortion is included, who checks sanctions and approves a payment before anyone acts?

Kidnap And Ransom in Rhode Island: FAQ

What state tax applies to surplus-lines K&R insurance in Rhode Island? 1

4% of premium. The NAIC chart's Rhode Island row cites R.I. Gen. Laws § 27-3-38; ask the broker to show the amount separately on the quote. 1

What happens if a surplus-lines K&R insurer fails in Rhode Island? 2,1

The NAIC says state guaranty associations handle only eligible covered claims, subject to statutory limits. Ask the broker which association, if any, could respond to this insurer and policy; the separate tax rule cites R.I. Gen. Laws § 27-3-38, but paying tax does not establish fund protection. 2,1

Kidnap And Ransom in Other States

Other Coverage in Rhode Island

Sources

  1. State Insurance Charts: Surplus Lines Insurance Premium Taxes. National Association of Insurance Commissioners; State row for single-state risk; cited statutes and rate/allocation (chart reviewed October 2025). Accessed 2026-09-28.
  2. Guaranty Associations & Funds. National Association of Insurance Commissioners, Center for Insurance Policy and Research; Overview: state guaranty mechanisms and covered-claim limits (updated May 9, 2024). Accessed 2026-09-28.
  3. Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments. U.S. Department of the Treasury, Office of Foreign Assets Control; Sanctions risks associated with making/facilitating ransomware payments; compliance and reporting steps (updated September 21, 2021). Accessed 2026-09-28.
  4. rhode-island insurance regulator. State insurance regulator; DBR Insurance Division overview links to complaint, license lookup, statutes, and regulations. Accessed 2026-09-28.
  5. DBR License Status Verification. State insurance regulator; Official page identifies online NAIC-partnered status checks for producers, adjusters, motor vehicle appraisers, surplus-lines brokers, and reinsurance intermediaries. Accessed 2026-09-28.
  6. DBR Insurance Consumers. State insurance regulator; Official consumer page explains the division's regulated insurance lines and online complaint route. Accessed 2026-09-28.
  7. 2025 T-71A Surplus Line Broker Return of Gross Premiums. Rhode Island Division of Taxation; 2025 return, p. 1, lines 1–4: net taxable premium is gross premium less returned premiums; 4% tax; filing due April 1, 2026. Accessed 2026-09-28.
  8. Guide to Tax Filings for Surplus Lines. Rhode Island Division of Taxation; 2018 Guide to tax filings, surplus-lines section: gross premium for tax purposes excludes carrier, broker, and inspection fees; no newer official fee-base instruction located as of 2026-09-28. Accessed 2026-09-28.
  9. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  10. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  11. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  12. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  13. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  14. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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