Section 45-8-226 - Inapplicability of Section 45-8-212 to well capitalized licensee

The requirements of § 45-8-212 shall not be applicable to a well capitalized licensee; provided, that within thirty (30) days of ceasing to be well capitalized, a licensee must apply for commissioner approval in order to retain any business acquired without the commissioner's prior approval. Acts 1997 , ch. 131, § 8.