INSURANCE REGULATION 116 Use of Credit - Extraordinary Life Events and Insufficient Credit

230-RICR-20-05-15 INACTIVE RULE

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Title	230	Department of Business Regulation (includes the Office of the Health Insurance Commissioner)
Chapter	20	Insurance
Subchapter	05	Personal Lines - Automobile and Homeowners Insurance
Part	15	INSURANCE REGULATION 116 Use of Credit - Extraordinary Life Events and Insufficient Credit

Type of Filing	Adoption
Regulation Status	Inactive
Effective	07/01/2011 to 07/01/2011

Regulation Authority:

R.I. Gen. Laws §§ 27-6-1 et seq., 27-9-1 et seq.; 27-44-1 et seq. and 42-14-17.

Purpose and Reason:

The purpose of this Regulation is to establish guidelines regarding insurer’s use of credit in underwriting and rating of homeowners and/or private passenger automobile insurance when a consumer experiences an extraordinary life event as defined in this Regulation and/or to address the absence of or insufficient credit history for an applicant or insured.

ACTIVE RULE Periodic Refile - effective from 01/04/2022

INACTIVE RULE Technical Revision - effective from 07/01/2011 to 01/04/2022

INACTIVE RULE Adoption - effective from 07/01/2011 to 07/01/2011

Rulemaking Documents are organized by document type and are part of this rule’s rulemaking record (R.I. Gen. Laws § 42-35-2.3). If multiple documents of the same type are listed below, each is a unique document. If there are multiple Public Notice of Proposed Rulemaking documents, view each document to identify the most recently amended version, as it may be amended at any point during the Public Comment Period.

There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.