# Rhode Island S2775: AN ACT RELATING TO INSURANCE -- DOMESTIC INSURANCE COMPANIES . Rhode Island S2775, AN ACT RELATING TO INSURANCE -- DOMESTIC INSURANCE COMPANIES ., is a 2026 Regular Session Senate bill sponsored by Mark P. McKenney (Democratic); status signed, last action 2026-06-19 (Signed by Governor — Chapter 201) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/RI-S2775-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Rhode Island S2775 - State: Rhode Island - Session: 2026 Regular Session - Title: AN ACT RELATING TO INSURANCE -- DOMESTIC INSURANCE COMPANIES . - Status: signed - Chamber: Senate - Introduced: 2026-03-04 - Last action: 2026-06-19, Signed by Governor — Chapter 201 - Sponsor: Mark P. McKenney (Democratic) - Cosponsors: 0 - Touches household money: no - Roll calls: 2 (107 yes, 0 no in all) - Economic provisions PRIA read: 6 ## Summary No summary available. ## Bill overview: provisions PRIA read - Stronger court control in insurer failures: benefit, medium. The law replaces old receivership rules with a Superior Court–supervised process. When a Rhode Island insurer is delinquent, the court appoints the state Insurance Director as receiver to take control at once. Affiliates must turn over records, system access, and any collected premiums; that money… - New rules for out-of-state insurers: cost, low. Rhode Island now matches any fees and obligations another state puts on Rhode Island insurers or producers. Policies for people or property in Rhode Island must be placed through a Rhode Island‑licensed producer; home‑state placement for multistate risks is allowed only if that state grants the sam… - New penalties for device insurance sellers: cost, low. If a vendor or its staff violate the portable electronics insurance rules, the Insurance Commissioner can act under the general penalty law. This replaces fixed, listed penalties with discretionary enforcement. Sellers face more uncertainty about possible fines or actions. - Higher penalties for unfair practices: cost, low. Insurers that fail to follow § 27-29-4.4 or its rules face civil fines up to $5,000 per violation. Violations of the Fraternal Code are penalized under the Commissioner’s general penalty law. - Lower fines for fire-loss, health rules: mixed, low. Breaking fire‑loss information or confidentiality rules now brings a civil penalty up to $100 per violation. Willful violations of accident and sickness insurance rules carry up to $100 per violation. The Commissioner can also suspend or revoke an insurer’s or producer’s license for willful violati… - State hurricane loss panel eliminated: mixed, low. The state commission on hurricane loss projection methodology is repealed. Insurers, actuaries, and state officials who used its work no longer have that state body. ## Sponsors and cosponsors - Sponsor: Mark P. McKenney (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-06-08 | House | DOMESTIC INSURANCE COMPANIES PASSAGE IN CONCURRENCE | pass | 69 | 0 | | | 2026-05-12 | Senate | RELATING TO INSURANCE -- DOMESTIC INSURANCE COMPANIES Passage | pass | 38 | 0 | | ## Actions (17) - 2026-06-19: Signed by Governor — Chapter 201 (Governor) - 2026-06-16: Transmitted to Governor (Governor) - 2026-06-08: House passed Sub A in concurrence (House) - 2026-06-05: Placed on the House Consent Calendar (06/08/2026) (House) - 2026-06-02: Committee recommends passage of Sub A in concurrence - 2026-05-29: Scheduled for consideration (06/02/2026) - 2026-05-13: Referred to House Corporations (House) - 2026-05-12: Senate passed Sub A (Senate) - 2026-05-06: Placed on Senate Calendar (05/12/2026) (Senate) - 2026-05-05: Committee recommends passage of Sub A - 2026-05-04: Proposed Substitute - 2026-05-01: Scheduled for consideration (05/05/2026) - 2026-04-28: Committee recommended measure be held for further study - 2026-04-24: Scheduled for consideration (04/28/2026) - 2026-03-31: Committee recommended measure be held for further study - 2026-03-27: Scheduled for hearing and/or consideration (03/31/2026) - 2026-03-04: Introduced, referred to Senate Commerce (Senate) ## Bill text - S2775 - As Introduced, 2026-03-04: [HTML](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775.htm), [PDF](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775.pdf) - S2775 - Substitute, 2026-03-04: [HTML](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775A.htm), [PDF](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775A.pdf) ## Related bills - S3047: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- DISTRICT COURT PRACTICE . (became law) - H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS . (became law) - H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY . (became law) - H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT . (became law) - H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN . (became law) - H8525: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES . (became law) ## Sources - [S2775 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775.htm) - [S2775 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775.pdf) - [S2775 - Substitute (HTML)](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775A.htm) - [S2775 - Substitute (PDF)](https://webserver.rilegislature.gov/BillText26/SenateText26/S2775A.pdf) ## Related - [S3047: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- DISTRIC…](https://policyrisk.com/state-bill/RI-S3047-2026) - [H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS .](https://policyrisk.com/state-bill/RI-H8605-2026) - [H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY .](https://policyrisk.com/state-bill/RI-H8586-2026) - [H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT .](https://policyrisk.com/state-bill/RI-H8580-2026) - [H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN .](https://policyrisk.com/state-bill/RI-H8506-2026) - [H8525: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .](https://policyrisk.com/state-bill/RI-H8525-2026) - [Rhode Island bills](https://policyrisk.com/states/rhode-island/bills) - [Rhode Island state hub](https://policyrisk.com/states/rhode-island) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/RI-S2775-2026 (as of 2026-11-01).