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| 5 | 5 | 2023 -- H 5830 | |
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| 7 | 7 | LC002140 | |
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| 9 | 9 | S TATE OF RHODE IS LAND | |
| 10 | 10 | IN GENERAL ASSEMBLY | |
| 11 | 11 | JANUARY SESSION, A.D. 2023 | |
| 12 | 12 | ____________ | |
| 13 | 13 | ||
| 14 | 14 | A N A C T | |
| 15 | 15 | RELATING TO MOTOR AN D OTHER VEHICLES -- INSURANCE RATES | |
| 16 | 16 | Introduced By: Representative Patricia A. Serpa | |
| 17 | 17 | Date Introduced: March 01, 2023 | |
| 18 | 18 | Referred To: House Corporations | |
| 19 | 19 | ||
| 20 | 20 | ||
| 21 | 21 | It is enacted by the General Assembly as follows: | |
| 22 | 22 | SECTION 1. Section 31-47-18 of the General Laws in Chapter 31-47 entitled "Motor 1 | |
| 23 | 23 | Vehicle Reparations Act" is hereby amended to read as follows: 2 | |
| 24 | 24 | 31-47-18. Automobile liability insurance rates. 3 | |
| 25 | 25 | Any general or public law to the contrary notwithstanding, the commissioner shall, after 4 | |
| 26 | 26 | consulting with all insurers licensed to write automobile liability insurance in this state, promulgate 5 | |
| 27 | 27 | regulations which provide that automobile liability insurance rates shall not take into account the 6 | |
| 28 | 28 | credit history or credit score of the applicant for insurance, but shall only take into account the past 7 | |
| 29 | 29 | claim experience of the applicant for the insurance and incorporate the principles used in so called 8 | |
| 30 | 30 | “merit rating” or “experience rating” rate plans which are now in effect in other states. 9 | |
| 31 | 31 | SECTION 2. This act shall take effect upon passage. 10 | |
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| 33 | 33 | LC002140 | |
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| 36 | 36 | ||
| 37 | 37 | LC002140 - Page 2 of 2 | |
| 38 | 38 | EXPLANATION | |
| 39 | 39 | BY THE LEGISLATIVE COUNCIL | |
| 40 | 40 | OF | |
| 41 | 41 | A N A C T | |
| 42 | 42 | RELATING TO MOTOR AN D OTHER VEHICLES -- INSURANCE RATES | |
| 43 | 43 | *** | |
| 44 | 44 | This act would prohibit the consideration of an applicant's credit history in determining 1 | |
| 45 | 45 | automobile insurance rates. 2 | |
| 46 | 46 | This act would take effect upon passage. 3 | |
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| 48 | 48 | LC002140 | |
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