Insurance Regulation 25 - Automobile Insurance Rating
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 - Automobile Insurance Rating |
| Type of Filing | Amendment |
| Regulation Status | Inactive |
| Effective | 03/11/2008 to 11/23/2009 |
Regulation Authority:
R.I.Gen. Laws §§ 42-14-17, 42-35-3
Purpose and Reason:
The Department of Business Regulation ("Department") hereby adopts amendments to Insurance Regulation 25 effective March 11, 2008 and makes this statement in accordance with RI Gen. Laws § 42-35-2.3. The Department makes these amendments in order to incorporate the amendment to RI Gen. Laws § 27-9-5.1 made in 2006 that allows the Uniform safe driver point system to be reflected either as a flat dollar rate or a percentage rate. The proposed amendment also incorporates the prohibition of use of prior carrier type as a rating criteria (i.e. tiering and/or discounts/surcharges) as established in Bulletin 2005-10. There are two differences between the text of the proposed rule as published in accordance with RI Gen. Laws § 42-35-3 and the rule as adopted, other than editing changes. Those differences are: Section 3F-the Department has added the definition of renewal used in Insurance Regulation 25 to clarify that this definition is applicable in this Regulation as well. Section 7- the Department has removed the words "at each" and replaced them with "annual" to clarify the intent in accordance with the definition of "renewal."
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.