§ 27-6-1. Purpose. The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in rate making and in other matters within the scope of this chapter. Nothing in […]
§ 27-6-10. Review of filings. The commissioner shall review filings as soon as reasonably possible after they have been made in order to determine whether they meet the requirements of this chapter. History of Section.P.L. 1948, ch. 2088, § 4; G.L. 1956, § 27-6-10.
§ 27-6-11. Waiting period — Effective date of filings. Subject to the exception specified in § 27-6-10, each filing shall be on file for a waiting period of thirty (30) days before it becomes effective, which period may be extended by the commissioner for an additional period not to exceed thirty (30) days if the […]
§ 27-6-11.1. Costs. For the purpose of determining whether the filing meets the requirements of this chapter, the director may employ staff personnel and outside consultants, including, but not limited to, those authorized pursuant to § 27-9-52. The reasonable costs related to the review of rate filings, including the conduct of the hearing, shall be […]
§ 27-6-12. Effective date of inland marine rates. Specific inland marine rates on risks specially rated by a rating organization shall become effective when filed and shall be deemed to meet the requirements of this chapter until such time as the commissioner reviews the filing and so long after this as the filing remains in […]
§ 27-6-13. Suspension or modification of requirements — Examinations as to fairness. Under the rules and regulations that he or she shall adopt, the commissioner may, by written order, suspend or modify the requirement of filing as to any kind of insurance, or subdivision or combination of it, or as to classes of risks, the […]
§ 27-6-14. Rates on specific risks exceeding filed rates. Upon the written consent of the insured, stating the insured’s reasons, filed with and approved by the commissioner, a rate in excess of that provided by an applicable filing may be used on any specific risk. History of Section.P.L. 1948, ch. 2088, § 4; G.L. 1956, […]
§ 27-6-15. Compliance with rate filings required. No insurer shall make or issue a contract or policy at a rate or premium in excess of filings that are in effect for that insurer as provided in this chapter or in accordance with § 27-6-13 or § 27-6-14. This section shall not apply to contracts or […]
§ 27-6-16. Review of rates not provided for by filings. Within ten (10) days after any insurer has made or issued a contract or policy at a rate or premium other than as provided for by any filing made with the commissioner by or in its behalf, the insurer shall notify the commissioner in writing […]
§ 27-6-17. Notice of disapproval within waiting period. If, within the waiting period or any extension, as provided in § 27-6-11, the commissioner finds that a filing does not meet the requirements of this chapter, the commissioner shall send to the insurer or rating organization which made that filing written notice of disapproval of that […]
§ 27-6-18. Disapproval of specific inland marine rates. If, within thirty (30) days after a specific inland marine rate on a risk specially rated by a rating organization, subject to § 27-6-12, has become effective, the commissioner finds that the filing does not meet the requirements of this chapter, the commissioner shall send to the […]
§ 27-6-19. Suspension of rates or filings after review period — Removal of discriminatory applications of rates. If, at any time subsequent to the applicable review period provided for in § 27-6-17 or 27-6-18, the commissioner finds that a rate or filing does not meet the requirements of this chapter, the commissioner shall, after a […]
§ 27-6-2. Applicability. (a) This chapter applies to fire, marine, and inland marine insurance on risks located in this state. Inland marine insurance shall include insurance now or defined by statute, or by interpretation of a statute, or if not defined or interpreted by statute, by ruling of the insurance commissioner, referred to throughout this […]
§ 27-6-20. Hearings on application by persons aggrieved by filings — Order terminating filing — Removal of discrimination. (a) Any person or organization aggrieved with respect to any rate or filing which is in effect may make written application to the commissioner for a hearing; provided, that the insurer or rating organization that uses the […]
§ 27-6-21. Competitive rates as evidence of fairness — Profit as evidence of adequacy. If the insurer making or issuing a contract or policy at a rate or premium less than that provided by any filing, at any hearing held pursuant to §§ 27-6-17 — 27-6-22, or pursuant to § 27-6-16, shows to the satisfaction […]
§ 27-6-22. Filed schedules and plans not to be disapproved if rates meet requirements. No manual, minimum, or class rate, rating schedule, rating plan, rating rule, or any modification of any of these which has been filed pursuant to the requirements of §§ 27-6-8 — 27-6-16 shall be disapproved if the rates produced meet the […]
§ 27-6-23. Licensing of rating organizations. (a) A corporation, an unincorporated association, a partnership, or an individual, whether located within or outside this state, may make an application to the commissioner for a license as a rating organization for those kinds of insurance, or a subdivision or a class of risk or a part or […]
§ 27-6-24. Admission of and services to subscribers. Subject to rules and regulations which have been approved by the commissioner as reasonable, each rating organization shall permit any insurer, not a member, to be a subscriber to its rating services for any kind of insurance, or subdivision or class of risk or a part or […]
§ 27-6-25. Regulation by rating organizations of payments by insurers to policyholders or members. No rating organization shall adopt any rule the effect of which would be to prohibit or regulate the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers. History of Section.P.L. 1948, […]
§ 27-6-26. Cooperation among rating organizations and insurers — Review of cooperative practices. Cooperation among rating organizations or among rating organizations and insurers and concert of action among insurers under the same general management or control, in rate making or in other matters within the scope of this chapter, are authorized, provided the filings resulting […]
