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Rhode Island General Laws

Chapter 27-6

R.I. Gen. Laws tit. 27, ch. 6

Fire and Marine Insurance Rating

27-6-1Purpose 27-6-2Applicability 27-6-3Insurers to which chapter applicable — Election between applicable laws 27-6-4Considerations in ratemaking 27-6-5Uniformity of rates 27-6-6Contracts as to commissions or compensation 27-6-6.1Approval of policies 27-6-7Use of rates 27-6-8Filing of rate schedules and plans 27-6-8.1Rating for nonbusiness policies 27-6-8.2Premium reduction for fire code safety prevention 27-6-9Filings by rating organizations 27-6-10Review of filings 27-6-11Waiting period — Effective date of filings 27-6-11.1Costs 27-6-12Effective date of inland marine rates 27-6-13Suspension or modification of requirements — Examinations as to fairness 27-6-14Rates on specific risks exceeding filed rates 27-6-15Compliance with rate filings required 27-6-16Review of rates not provided for by filings 27-6-17Notice of disapproval within waiting period 27-6-18Disapproval of specific inland marine rates 27-6-19Suspension of rates or filings after review period — Removal of discriminatory applications of rates 27-6-20Hearings on application by persons aggrieved by filings — Order terminating filing — Removal of discrimination 27-6-21Competitive rates as evidence of fairness — Profit as evidence of adequacy 27-6-22Filed schedules and plans not to be disapproved if rates meet requirements 27-6-23Licensing of rating organizations 27-6-24Admission of and services to subscribers 27-6-25Regulation by rating organizations of payments by insurers to policyholders or members 27-6-26Cooperation among rating organizations and insurers — Review of cooperative practices 27-6-27Examination of policies and records by rating organizations 27-6-28Actuarial and technical services furnished by rating organizations 27-6-29Adherence to rating organization filings — Deviation filings 27-6-30Appeals from action of rating organization on changes in filings 27-6-31Rate information furnished to insured 27-6-32Review of application of rating system to insured 27-6-33“Advisory organization” defined 27-6-34Documents filed by advisory organizations 27-6-35Unlawful practices of advisory organizations 27-6-36Use of information from noncomplying advisory organization 27-6-37Provisions applicable to joint underwriting and reinsurance 27-6-38Unlawful practices of joint underwriters or reinsurers 27-6-39Examination of rating and advisory organizations and underwriting and reinsurance groups 27-6-40Reports on examinations — Hearing and filing 27-6-41Collection and compilation of experience statistics 27-6-42Interchange of rating plan data 27-6-43Cooperation with other states 27-6-44Rules and regulations 27-6-45False or misleading information 27-6-46RepealedRepealed 27-6-47Penalty for violations 27-6-48Suspension or revocation of licenses 27-6-49Hearings on decisions of commissioner 27-6-50Pleadings and evidence at hearings 27-6-51Judicial review of orders and decisions 27-6-52Severability 27-6-53Use of credit rating