Automobile Insurance Rating


230-RICR-20-05-3 PROPOSED 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 Automobile Insurance Rating
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 § 27-9-41

Purpose and Reason :

The proposed amendments are designed to bring the regulation into compliance with statutory changes made to the underlying statute in the last legislative session.  The specific proposed changes are:

·         3.7(E) – This section has been amended to reference the specific DMV statutory requirement.

·         3.8(A)(2) – This section has been amended to reflect the statutory change in the chargeable accident level.

·         3.13(A)(7) and (8) – 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.

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