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:

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

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

     31-47-18. Automobile liability insurance rates.

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

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

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

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

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

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

     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

automobile insurance rates.

     This act would take effect upon passage.

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LC002140

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