Insurance Regulation 25
230-RICR-20-05-3 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 | 3 | Insurance Regulation 25 |
| Type of Filing | Amendment |
| Regulation Status | Inactive |
| Effective | 05/09/2005 to 01/11/2006 |
Regulation Authority:
R.I. Gen. Laws Sections 27-9-1 et seq., 31-47-18 and 42-14-17
Purpose and Reason:
The Proposed Amended Regulation adds the requirements of R.I. Gen. Laws §§ 27-9-4, 5.1 and 45-19-17 to the Regulation, provides definitions of Chargeable Accident, Insurance Commissioner, Insurance Score, Merit Rating Plan and Moving Violation, clarifies the additive and reductive amounts under the Merit Rating Plan, clarifies the manner in which premium surcharges may be utilized with tiering, clarifies that an insureds premium may not be increased due to age if the insured is sixty-five (65) or older per R.I. Gen. Laws § 27-9-4(a)(5), clarifies that permitted premium increases may only be instituted at renewal, adds the exceptions to Chargeable Accident from R.I. Gen. Laws § 27-9-4, adds a section on use of Insurance Scores in rating, adds a “Severability” section 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.
