2023 -- S 1048

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LC002982

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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 INSURANCE -- LIABILITY INSURANCE

     Introduced By: Senator Mark P. McKenney

     Date Introduced: May 19, 2023

     Referred To: Senate Judiciary

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 27-7 of the General Laws entitled "Liability Insurance" is hereby

amended by adding thereto the following section:

     27-7-1.1. Wasting policies prohibited.

     Every policy written insuring against liability for property damage or personal injuries or

both, and every policy written indemnifying any person by reason of that liability, other than the

payment of compensation under chapters 29 through 38 of title 28, shall state a policy limit to be

available in full for payment of such claims. No portion of the policy limit may be used for the

payment of fees or costs to defend a claim.

     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO INSURANCE -- LIABILITY INSURANCE

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     This act would require that insurance policies for property damage, personal injuries, and

indemnification other than payment of compensation for workers compensation, state policy limits

and no amount of the policy may be used to pay costs to defend a claim.

     This act would take effect upon passage.

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