Insurance Regulation 16
230-RICR-20-05-2 INACTIVE RULE
| 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 | 2 | Insurance Regulation 16 |
| Type of Filing | Amendment |
| Regulation Status | Inactive |
| Effective | 05/09/2005 to 01/11/2006 |
Regulation Authority:
R.I. Gen. Laws Sections 27-8-11, 27-9-1 et seq. and 42-14-17
Purpose and Reason:
The Proposed Amended Regulation clarifies the definition of Chargeable Loss Occurrence and adds definitions for Insurance Score and Non-Chargeable Loss Occurrence, clarifies the use of Insurance Scores based upon credit in accordance with R.I. Gen. Laws § 27-9-56, clarifies and adds requirements for notice to insureds of eligibility for the Rhode Island Automobile Insurance Plan, clarifies that the statement of financial security shall comply with the statute and clarifies that forms previously approved are ineffective unless compliant with the changes to the Regulation. The remainder of the changes are to grammar and form.
