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2013 -- S 0715 SUBSTITUTE A | |
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LC01421/SUB A | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2013 | |
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A N A C T | |
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RELATING TO INSURANCE | |
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Introduced By: Senators Jabour, Crowley, Picard, and Doyle | |
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Date Introduced: March 13, 2013 | |
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Referred To: Senate Commerce | |
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It is enacted by the General Assembly as follows: | |
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SECTION 1. Sections 27-76-1 and 27-76-6 of the General Laws in Chapter 27-76 |
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entitled "Weather Related Losses" are hereby amended to read as follows: |
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27-76-1. Applicability. -- |
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provisions of this chapter shall be applicable only to personal lines residential property insurance |
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on dwelling houses. |
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27-76-6. State of emergency; effect upon insurance policies; rules. -- (a) The |
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department of business regulation may promulgate regulations to take effect upon the declaration |
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of a catastrophe, as declared by a nationally recognized catastrophe loss index provider, that |
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address any of the following or other matters related to the catastrophe for insurance policies |
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issued in this state: |
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(1) Reporting requirements for claims related to the emergency; |
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(2) Grace periods for payment of insurance premiums and performance of other duties |
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by insureds (other than the duty to mitigate); and/or |
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(3) Temporary postponement of cancellations and nonrenewals of insurance policies. |
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(b) Subdivisions (a)(2) and (3) above apply to all insurance policies, regardless of the line |
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of insurance, issued to residents of this state displaced as a result of the catastrophe. The |
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regulations shall require the insurer to make reasonable efforts to contact the policyholder and |
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provide the accommodations requested by the policyholder, within the limits of accommodations |
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detailed in the regulation, upon confirmation that the policyholder has been displaced by the |
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catastrophe. |
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SECTION 2. This act shall take effect upon passage. |
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LC01421/SUB A | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO INSURANCE | |
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This act would expand the requirements to provide accommodations to a policyholder |
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affected by a catastrophe for all lines of insurance. |
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This act would take effect upon passage. |
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LC01421/SUB A | |
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