H5457

	2019 -- H 5457
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	LC001494
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2019
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	A N A C T
	RELATING TO INSURANCE

	Introduced By: Representatives Kennedy, Azzinaro, Johnston, and Casey
	Date Introduced: February 14, 2019
	Referred To: House Corporations
	It is enacted by the General Assembly as follows:
1	SECTION 1. Chapter 27-3 of the General Laws entitled "Surplus Lines Insurance" is
2	hereby amended by adding thereto the following section:
3	27-3-38.3. Exception to life and health and accident exemption.
4	The provisions of this chapter do not apply to life and health and accident, as noted in §
5	27-3-38(a), and surplus lines brokers may not place insurance in those lines in the surplus market.
6	An exception is hereby made to this prohibition for the procurement of disability insurance with a
7	benefit limit in excess of a benefit limit available from an admitted insurer. For that class of
8	business only, a broker may obtain insurance from the surplus market.
9	SECTION 2. This act shall take effect upon passage.
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	LC001494
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO INSURANCE
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1	This act would allow disability insurance with a benefit limit in excess of a benefit limit
2	available from an admitted insurer to be written in the surplus lines market.
3	This act would take effect upon passage.
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	LC001494
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	LC001494 - Page 2 of 2