TITLE 27
Insurance

CHAPTER 27-7
Liability Insurance

SECTION 27-7-2.3


§ 27-7-2.3 Insurance rate adjustment.

The insurer shall be responsible for maintaining records of all judgments entered by the court that require the insurer to pay an amount in excess of a policy coverage limitation due to the failure of the insurer to settle a civil action in accordance with the provisions of § 27-7-2.2. No payments made by the insurer in excess of a policy coverage limitation shall be incorporated or used by the insurer in any subsequent rate adjustment on affected liability lines of insurance.

History of Section.
(P.L. 1981, ch. 55, § 1.)