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| 5 | 5 | | 2023 -- S 0475 |
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| 7 | 7 | | LC002359 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S TATE OF RHODE IS LAND |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2023 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO MOTOR AN D OTHER VEHICLES -- INSURANCE RATES |
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| 16 | 16 | | Introduced By: Senators Murray, DiPalma, de la Cruz, Ujifusa, Raptakis, and Valverde |
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| 17 | 17 | | Date Introduced: March 07, 2023 |
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| 18 | 18 | | Referred To: Senate Commerce |
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| 19 | 19 | | |
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| 20 | 20 | | |
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| 21 | 21 | | It is enacted by the General Assembly as follows: |
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| 22 | 22 | | SECTION 1. Section 31-47-18 of the General Laws in Chapter 31-47 entitled "Motor 1 |
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| 23 | 23 | | Vehicle Reparations Act" is hereby amended to read as follows: 2 |
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| 24 | 24 | | 31-47-18. Automobile liability insurance rates. 3 |
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| 25 | 25 | | Any general or public law to the contrary notwithstanding, the commissioner shall, after 4 |
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| 26 | 26 | | consulting with all insurers licensed to write automobile liability insurance in this state, promulgate 5 |
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| 27 | 27 | | regulations which provide that automobile liability insurance rates shall not take into account the 6 |
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| 28 | 28 | | credit history or credit score of the applicant for insurance, but shall only take into account the past 7 |
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| 29 | 29 | | claim experience of the applicant for the insurance and incorporate the principles used in so called 8 |
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| 30 | 30 | | “merit rating” or “experience rating” rate plans which are now in effect in other states. 9 |
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| 31 | 31 | | SECTION 2. This act shall take effect upon passage. 10 |
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| 33 | 33 | | LC002359 |
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| 37 | 37 | | LC002359 - Page 2 of 2 |
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| 38 | 38 | | EXPLANATION |
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| 39 | 39 | | BY THE LEGISLATIVE COUNCIL |
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| 40 | 40 | | OF |
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| 41 | 41 | | A N A C T |
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| 42 | 42 | | RELATING TO MOTOR AN D OTHER VEHICLES -- INSURANCE RATES |
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| 43 | 43 | | *** |
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| 44 | 44 | | This act would prohibit the consideration of an applicant's credit history in determining 1 |
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| 45 | 45 | | automobile insurance rates. 2 |
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| 46 | 46 | | This act would take effect upon passage. 3 |
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| 47 | 47 | | ======== |
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| 48 | 48 | | LC002359 |
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| 49 | 49 | | ======== |
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