2022 -- H 7912 | |
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LC005436 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2022 | |
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A N A C T | |
RELATING TO INSURANCE -- LIABILITY INSURANCE | |
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Introduced By: Representative Jacquelyn M. Baginski | |
Date Introduced: March 07, 2022 | |
Referred To: House Corporations | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 27-7 of the General Laws entitled "Liability Insurance" is hereby |
2 | amended by adding thereto the following section: |
3 | 27-7-1.1. Necrotizing policies prohibited. |
4 | Every policy written insuring against liability for property damage or personal injuries or |
5 | both, and every policy written indemnifying any person by reason of that liability, other than the |
6 | payment of compensation under chapters 29 — 38 of title 28, shall state a policy limit to be |
7 | available in full for payment of such claims. No portion of the policy limit may be used for the |
8 | payment of fees or costs to defend a claim. |
9 | SECTION 2. This act shall take effect upon passage. |
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LC005436 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO INSURANCE -- LIABILITY INSURANCE | |
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1 | This act would require that insurance policies for property damage, personal injuries, and |
2 | indemnification other than payment of compensation for workers compensation, state policy limits |
3 | and no amount of the policy may be used to pay costs to defend a claim. |
4 | This act would take effect upon passage. |
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