2023 -- H 5830

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LC002140

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2023

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A N   A C T

RELATING TO MOTOR AND OTHER VEHICLES -- INSURANCE RATES

     

     Introduced By: Representative Patricia A. Serpa

     Date Introduced: March 01, 2023

     Referred To: House Corporations

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 31-47-18 of the General Laws in Chapter 31-47 entitled "Motor

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Vehicle Reparations Act" is hereby amended to read as follows:

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     31-47-18. Automobile liability insurance rates.

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     Any general or public law to the contrary notwithstanding, the commissioner shall, after

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consulting with all insurers licensed to write automobile liability insurance in this state, promulgate

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regulations which provide that automobile liability insurance rates shall not take into account the

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credit history or credit score of the applicant for insurance, but shall only take into account the past

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claim experience of the applicant for the insurance and incorporate the principles used in so called

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“merit rating” or “experience rating” rate plans which are now in effect in other states.

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     SECTION 2. This act shall take effect upon passage.

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LC002140

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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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     This act would prohibit the consideration of an applicant's credit history in determining

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automobile insurance rates.

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     This act would take effect upon passage.

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LC002140

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