2019 -- H 5472 | |
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LC001526 | |
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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 MOTOR AND OTHER VEHICLES - INSURANCE RATES | |
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Introduced By: Representatives Jackson, Noret, Millea, Shekarchi, and Knight | |
Date Introduced: February 14, 2019 | |
Referred To: House Corporations | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 31-47-18 of the General Laws in Chapter 31-47 entitled "Motor |
2 | Vehicle Reparations Act" is hereby amended to read as follows: |
3 | 31-47-18. Automobile liability insurance rates. |
4 | Any general or public law to the contrary notwithstanding, the commissioner shall, after |
5 | consulting with all insurers licensed to write automobile liability insurance in this state, |
6 | promulgate regulations which provide that automobile liability insurance rates shall not take into |
7 | account the credit history or credit score of the applicant for insurance, but shall only take into |
8 | account the past claim experience of the applicant for the insurance and incorporate the principles |
9 | used in so called "merit rating" or "experience rating" rate plans which are now in effect in other |
10 | states. |
11 | SECTION 2. This act shall take effect upon passage. |
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LC001526 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO MOTOR AND OTHER VEHICLES - INSURANCE RATES | |
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1 | This act would prevent the consideration of an applicant's credit history in determining |
2 | automobile liability insurance rates. |
3 | This act would take effect upon passage. |
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