Section 27-29-17.4. – Proof of notice.
§ 27-29-17.4. Proof of notice. (a) A company issuing any policy of insurance which is subject to nonrenewal, a premium increase, a change in deductible, reduction in limits or changes in coverage shall effect the same by serving the notice of it as provided by the policy. The notice shall be delivered in hand to […]
Section 27-29-2. – Definitions.
§ 27-29-2. Definitions. When used in this chapter: (1) “Commissioner” means director of the department of business regulation; (2) “Consultant” means an individual, partnership, or corporation who, for a fee, holds himself, herself, or itself out to the public as engaged in the business of offering any advice, counsel, opinion, or service with respect to […]
Section 27-29-11. – Immunity from prosecution.
§ 27-29-11. Immunity from prosecution. If any person shall ask to be excused from attending and testifying or from producing any books, papers, records, correspondence or other documents at any hearing on the ground that the testimony or evidence required may tend to incriminate or subject the person to a penalty or forfeiture, and shall […]
Section 27-29-3. – Prohibited trade practices.
§ 27-29-3. Prohibited trade practices. No person shall engage in this state in any trade practice which is defined in this chapter as, or determined pursuant to this chapter to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance. History of Section.P.L. 1958, ch. 53, […]
Section 27-29-12. – Regulations.
§ 27-29-12. Regulations. The commissioner of insurance may adopt reasonable rules and regulations for the implementation and administration of this chapter. History of Section.P.L. 1993, ch. 180, § 25; G.L. 1956, § 27-29-13.
Section 27-29-4. – Unfair methods of competition and unfair or deceptive acts or practices defined.
§ 27-29-4. Unfair methods of competition and unfair or deceptive acts or practices defined. The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance: (1) Misrepresentations and false advertising of policies or contracts. Making, issuing, circulating, or causing to be made, issued, or circulated, […]
Section 27-29-13. – Payment of premium — Cancellation.
§ 27-29-13. Payment of premium — Cancellation. Notwithstanding the provisions of chapter 40 of this title, private passenger motor vehicle insurance policyholders on either six (6) month or twelve (12) month policies shall have the option of paying any policy premiums in installment payments; provided that for a twelve (12) month policy the insurer may […]
Section 27-29-4.1. – Cancellation of insurance prohibited.
§ 27-29-4.1. Cancellation of insurance prohibited. No insurance company authorized to do business in this state shall cancel or refuse to issue any type of insurance coverage for an owner occupied dwelling or personal property of every nature and description solely because of the area in which the property is situated. History of Section.P.L. 1972, […]
Section 27-29-13.1. – Late payment of premium.
§ 27-29-13.1. Late payment of premium. An insurer may levy and collect a maximum fee or charge of ten dollars ($10.00) for any late payment of premium by a policyholder for any property, casualty, fire and marine or liability policy of insurance. A late fee may not be imposed unless payment is received more than […]
Section 27-29-4.2. – Penalty.
§ 27-29-4.2. Penalty. For each violation of § 27-29-4.1, the offending insurance company shall be fined a sum of five hundred dollars ($500) by the department of business regulation. History of Section.P.L. 1972, ch. 28, § 1.