Automobile Insurance Rating
|Title||230||Department of Business Regulation (includes the Office of the Health Insurance Commissioner)|
|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.