INSURANCE REGULATION 116 Use of Credit - Extraordinary Life Events and Insufficient Credit
230-RICR-20-05-15
INACTIVE RULE
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| 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 | 15 | INSURANCE REGULATION 116 Use of Credit - Extraordinary Life Events and Insufficient Credit |
| Type of Filing | Adoption |
| Regulation Status | Inactive View Active Rule |
| Effective | 07/01/2011 to 07/01/2011 |
Regulation Authority :
R.I. Gen. Laws §§ 27-6-1 et seq., 27-9-1 et seq.; 27-44-1 et seq. and 42-14-17.
Purpose and Reason :
The purpose of this Regulation is to establish guidelines regarding insurer’s use of credit in underwriting and rating of homeowners and/or private passenger automobile insurance when a consumer experiences an extraordinary life event as defined in this Regulation and/or to address the absence of or insufficient credit history for an applicant or insured.
ACTIVE RULE
Technical Revision - effective from 07/01/2011
INACTIVE RULE
Adoption - effective from 07/01/2011 to 07/01/2011
There are no electronic rulemaking documents for rules filed prior to August 14, 2018. For rulemaking documents for rules filed prior to this date, please contact the appropriate agency's Rules Coordinator.