CHAPTER 175
2002-S 2449
Enacted 06/25/2002


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RELATING TO INSURANCE -- FIRE AND MARINE LIABILITY AND CASUALTY INSURANCE

 

Introduced By: Senator David E. Bates

 

Date Introduced: January 31, 2002

It is enacted by the General Assembly as follows:

SECTION 1. Chapter 27-6 of the General Laws entitled "Fire and Marine Insurance Rating" is hereby amended by adding thereto the following section:

27-6-6.1. Approval of policies. -- (a) Every insurance company and every rating/advisory organization issuing policies covering fire and marine insurance provided for in this chapter shall file with the director:

(1) a copy of the form of the policies proposing to use. A policy may not be issued until the director has approved the form;

(2) any policy form, subject to this chapter and filed by an insurer or rating/advisory organization on behalf of its members or subscribers with the director, shall be deemed public information at the time of filing.

SECTION 2. Chapter 27-9 of the General Laws entitled "Casualty Insurance Rating" is hereby amended by adding thereto the following section:

27-9-6.1. Approval of policies. -- (a) Every insurance company and every rating/advisory organization issuing policies covering casualty insurance provided for in this chapter shall file with the director:

(1) a copy of the form of the policies proposing to use. A policy may not be issued until the director has approved the form;

(2) any policy form, subject to this chapter and filed by an insurer or rating/advisory organization on behalf of its members or subscribers with the director, shall be deemed public information at the time of filing.

SECTION 3. Chapter 27-44 of the General Laws entitled "Casualty, Liability And Fire And Marine Insurance Rating" is hereby amended by adding thereto the following section:

27-44-4.1. Approval of policies. -- (a) Every insurance company and every rating/advisory organization issuing policies covering casualty, liability and fire and marine insurance provided for in this chapter shall file with the director:

(1) a copy of the form of the policies proposing to use. A policy may not be issued until the director has approved the form;

(2) any policy form, subject to this chapter and filed by an insurer or rating/advisory organization on behalf of its members or subscribers with the director, shall be deemed public information at the time of filing.

SECTION 4. This act shall take effect upon passage.


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