R.I. Gen. Laws § 44-17-2 — Amounts included as gross premiums

Except where such a charge would be inconsistent with federal law, gross premiums
include all premiums and premium deposits and assessments on all policies, certificates,
and renewals, written during the year, covering property and risks within the state,
policies subsequently cancelled, and reinsurance assumed, whether the premiums and
premium deposits and assessments are in the form of money, notes, credits, or other
substitute for money, after deducting from the gross premiums the amount of return
premiums on the contracts covering property and risks within this state and the amount
of premiums for reinsurance assumed, of the property and risks. Mutual companies and
companies which transact business on the mutual plan are also allowed to deduct from
their premiums and premium deposits and assessments, the so-called dividends or unused
or unabsorbed portion of the premiums and premium deposits and assessments applied
in part payment of the premiums and premium deposits and assessments or returned to
policyholders in cash or credited to policy holders during the year for which the
tax is computed. Every domestic company, mutual association, organization, or other
insurer, shall include for taxation in like manner and with like deductions premiums
and premium deposits and assessments written, procured, or received in this state
on business covering property or risks in any other state on which the company has
not paid and is not liable to pay a tax to the other state.