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.

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.