Insurance Regulation 25 - Automobile Insurance Rating


230-RICR-20-05-3 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 3 Insurance Regulation 25 - Automobile Insurance Rating
Type of Filing Amendment
Regulation Status Inactive View Active Rule
Effective 03/11/2008 to 11/23/2009

Regulation Authority :

R.I.Gen. Laws §§ 42-14-17, 42-35-3

Purpose and Reason :

The Department of Business Regulation ("Department") hereby adopts amendments to Insurance Regulation 25 effective March 11, 2008 and makes this statement in accordance with RI Gen. Laws § 42-35-2.3. The Department makes these amendments in order to incorporate the amendment to RI Gen. Laws § 27-9-5.1 made in 2006 that allows the Uniform safe driver point system to be reflected either as a flat dollar rate or a percentage rate. The proposed amendment also incorporates the prohibition of use of prior carrier type as a rating criteria (i.e. tiering and/or discounts/surcharges) as established in Bulletin 2005-10. There are two differences between the text of the proposed rule as published in accordance with RI Gen. Laws § 42-35-3 and the rule as adopted, other than editing changes. Those differences are: Section 3F-the Department has added the definition of renewal used in Insurance Regulation 25 to clarify that this definition is applicable in this Regulation as well. Section 7- the Department has removed the words "at each" and replaced them with "annual" to clarify the intent in accordance with the definition of "renewal."

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.