§ 27-9-1. Purpose of chapter. 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. […]
§ 27-9-10. Waiting period — Effective date of filings. Subject to the exception specified in § 27-9-9, 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 […]
§ 27-9-10.1. 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 […]
§ 27-9-11. Special filings as to surety or guaranty bonds. Any special filing with respect to a surety or guaranty bond required by law, by court or executive order, or by order, rule, or regulation of a public body, not covered by a previous filing, shall become effective when filed and shall be deemed to […]
§ 27-9-12. Suspension or modification of filing requirements. Under rules and regulations the commissioner adopts, the commissioner may, by written order, suspend or modify the requirements of filing as to any kind of insurance, or subdivision or combination of insurance, or as to classes of risks, the rates for which cannot practically be filed before […]
§ 27-9-13. Approval of rates in excess of those filed. Upon the written consent of the insured, stating his or her 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. 2089, § 4; […]
§ 27-9-14. Compliance with filings required. No insurer shall make or issue a contract or policy at a rate or premium in excess of filings which are in effect for that insurer as provided in this chapter, except in accordance with § 27-9-12 or § 27-9-13. History of Section.P.L. 1948, ch. 2089, § 4; G.L. […]
§ 27-9-15. Review of rates not covered by filings. Within ten (10) days after any insurer has made or issued a contract or policy at a rate or premium other than is provided for by any filing made with the commissioner by or in its behalf, that insurer shall notify the commissioner, in writing, of […]
§ 27-9-16. Disapproval of filing within waiting period. If, within the waiting period or any extension of it as provided in § 27-9-10, 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 the filing written notice of disapproval […]
§ 27-9-17. Disapproval of special surety or guaranty filing. If, within thirty (30) days after a special surety or guaranty filing subject to § 27-9-11 has become effective, the commissioner finds that the filing does not meet the requirements of this chapter, the commissioner shall send to the insurer or rating organization which made the […]
§ 27-9-18. Disapproval of filing after review period — Removal of discrimination — Hearings to determine effect of legislation. (a) If at any time, subsequent to the applicable review period provided for in § 27-9-16 or § 27-9-17, the commissioner finds that a rate or filing does not meet the requirements of this chapter, he […]
§ 27-9-19. Hearings on application by persons aggrieved by filing — 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 a written application to the commissioner for a hearing; provided, that the insurer or rating organization that uses […]
§ 27-9-2. Applicability. This chapter applies to casualty insurance, including fidelity, surety, and guaranty bonds, and to all other forms of motor vehicle insurance, on risks or operations in this state, except: (1) Reinsurance, other than joint reinsurance to the extent stated in §§ 27-9-34 and 27-9-35; (2) Accident and health insurance; and (3) Insurance […]
§ 27-9-20. 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 shall, at any hearing held pursuant to §§ 27-9-16 — 27-9-21, or pursuant to § 27-9-15, show to the […]
§ 27-9-21. Filed schedules and plans not to be disapproved if rates meet requirements. No manual of classifications, rules, rating plan, or any modification of any of these which establishes standards for measuring variations in hazards or expense provisions, or both, and which has been filed pursuant to the requirements of §§ 27-9-7 — 27-9-15, […]
§ 27-9-22. Licensing of rating organization. (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 subdivisions of insurance specified in its application and shall file with […]
§ 27-9-23. 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 of insurance for which it is authorized to […]
§ 27-9-24. Regulation by rating organization 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, […]
§ 27-9-25. Cooperation among 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 from […]
§ 27-9-26. Adherence to rating organization filings — Deviation filings. Every member of or subscriber to a rating organization shall adhere to the filings made on its behalf by the organization, except that any affected insurer may file with the commissioner a uniform percentage decrease or increase to be applied to the premiums produced by […]
