Auto Insurance Cancellation and Renewal Provisions
|Title||230||Department of Business Regulation (includes the Office of the Health Insurance Commissioner)|
|Subchapter||05||Personal Lines - Automobile and Homeowners Insurance|
|Part||2||Auto Insurance Cancellation and Renewal Provisions|
|Type of Filing||Amendment|
|Regulation Status||Proposed View Active Rule|
|Filing Notice Date||09/18/2019|
|Filing Hearing Date(s)||10/15/2019
|Public Comment Dates||09/18/2019 to 10/25/2019
Regulation Authority :
R.I. Gen. Laws § 27-8-11, 27-9-1 et seq. and 31-47-4.
Purpose and Reason :
This regulation provides the rules for cancelling in automobile insurance. The proposed amendments are designed to clarify language and bring the regulation into compliance with other insurance regulations. The specific proposed changes are:
· 2.3(A)(4) – Updated an internal cross-reference to specify the section.
· 2.7(F) & (G) – These paragraphs have been added to clarify that insurers must consult and follow 230-RICR-20-05-15 in addition to this regulation when utilizing an insurance score.