RI S2944

Foreign corporations may be deemed to transact business in Rhode Island regardless of physical presence if they advertise, provide services to, or receive compensation from persons in the state, with specific application to insurers and insurance claim handling services

Civil penalty of $300 per month applies to foreign corporations transacting business without a certificate of authority, plus an enhanced penalty up to 12% of gross receipts during noncompliance; a 90-day grace period exempts new businesses from monthly penalties if they register promptly

Annual report filing penalties increase from $25 to $200 for corporations, nonprofit corporations, limited liability partnerships, limited partnerships, and limited liability companies

Creates new "business activity certificate" requirement for sole proprietors and individuals conducting business in Rhode Island, including those without physical presence who provide services to or receive compensation from state residents

Failure to comply with secretary of state registration and filing requirements constitutes an unfair or deceptive trade practice under state consumer protection law, with businesses required to provide proof of good standing within 10 business days upon written request