Title 27, Title 27 Title 27

(a) Any person who violates § 27-47-2 shall, upon conviction, be fined not more than fifty thousand dollars ($50,000) or be imprisoned for not more than one year, or both. (b) Any person who does any of the following: (1) Conceals any property belonging to an insurer; (2) Transfe…

Except as provided in § 27-4.8-2, no policy of group life insurance shall be delivered in this state unless it conforms to one of the following descriptions: (1) A policy issued to an employer, or to the trustees of a fund established by an employer, which employer or trustees sh…

Group life insurance offered to a resident of this state under a group life insurance policy issued to a group other than one described in § 27-4.8-1 shall be subject to the following requirements: (1) A group life insurance policy shall not be delivered in this state unless the …

(a) With respect to a program of insurance which, if issued on a group basis, would not qualify under § 27-4.8-1, the insurer shall cause to be distributed to prospective insureds a written notice that compensation will or may be paid, if compensation of any kind will or may be p…

Except for a policy issued under § 27-4.8-1(2), a group life insurance policy may be extended to insure the employees or members against loss due to the death of their spouses and dependent children, or any class or classes thereof, subject to the following: (1) The premium for t…

(a) No policy of group life insurance shall be delivered in this state unless it contains in substance the following provisions, or provisions which in the opinion of the commissioner are more favorable to the persons insured, or at least as favorable to the persons insured and m…

If an individual insured under a group life insurance policy hereafter delivered in this state becomes entitled under the terms of the policy to have an individual policy of life insurance issued without evidence of insurability, subject to making of application and payment of th…

This chapter may be known as the “Business Transacted with Producer Controlled Insurer Act.”

As used in this chapter: (1) “Accredited state” means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissi…

This chapter shall apply to licensed insurers as defined in § 27-48-2, either domiciled in this state or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of chapter 35 of this title to the extent they are not supers…

(a)(1) The provisions of this section shall apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling producer is equal to or greater than five percent (5%) of the admitted assets of the controlled …

The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer; except that, if the business is placed through a subproducer who is not a controlling prod…

(a)(1) If the director believes that the controlling producer or any other person has not materially complied with this chapter, or any regulation or order promulgated pursuant to this chapter, after notice and opportunity to be heard, the director may order the controlling produ…

This chapter shall be known and may be cited as the “Beneficiaries’ Bill of Rights Act of 2011.”

The purpose of this chapter is to require complete and proper disclosure, transparency, and accountability relating to any method of payment for life insurance death benefits and require that beneficiaries are fully informed in bold type and in layperson’s language of their optio…

As used in this section: (1) “Policy” means any policy or certificate of life insurance that provides a death benefit. (2) “Retained asset account” means any mechanism whereby the settlement of proceeds payable under a life insurance policy, including, but not limited to, the pay…

(a) An insurer may not use a retained asset account as the mode of settlement unless the insurer discloses such option to the beneficiary or the beneficiary’s legal representative prior to the transfer of the death benefit to a retained asset account. (b) A beneficiary shall be i…

(a) A complete listing and clear explanation of all of the life insurance proceeds payment options available to the beneficiary in written or electronic format shall accompany the tender of other than a lump sum payment of a life insurance death benefit. (b) The use of a retained…

(a) Insurers shall, on an annual basis, report the following information to the insurance commissioner within the department of business regulation: (1) The number and dollar balance of retained asset accounts in force at the beginning of the year; (2) The number and dollar amoun…

This chapter shall apply to claims for a death benefit under any policy or certificate of life insurance subject to the insurance laws of the state where the beneficiary resides submitted on or after September 1, 2011.

The purpose of this chapter is to allow for the sharing of information as to motor vehicle theft and/or motor vehicle insurance fraud between automobile insurers and certain governmental agencies. This chapter allows the governmental agencies to request and receive from the insur…

As used in this chapter: (1) “Authorized governmental agency” includes: (i) The office of the attorney general; (ii) The state police; (iii) Any police or fire department of a municipality; (iv) The U.S. Attorney’s office for the state of Rhode Island; (v) Any duly constituted cr…

(a) Upon written request to an insurer by an authorized governmental agency, an insurer or agent authorized by an insurer to act on its behalf shall release to the requesting authorized governmental agency any or all relevant information that is deemed important to the authorized…

(a) Purpose. The purpose of this section is to implement the federal Driver’s Privacy Protection Act of 1994 (“DPPA”), 18 U.S.C. § 2721 et seq. (b) Definitions. As defined in 18 U.S.C. § 2725, the following definitions apply to this section: (1) “Motor vehicle record” means any r…

Any information furnished pursuant to this chapter shall be privileged and not a part of any public record. Except as otherwise provided by law, any authorized governmental agency, insurer, or an agent authorized by an insurer to act on its behalf that receives any information fu…

No insurer, or agent authorized by an insurer to act on its behalf, authorized governmental agency or its respective employees shall be subject to any civil or criminal liability in a cause of action of any kind for releasing or receiving any factually accurate information pursua…

(a) An insurer and an agent authorized to act on its behalf, upon written request, may provide to another insurer or insurance industry related organization whose purpose it is to investigate or assist in the prosecution of motor vehicle insurance fraud any and all relevant factu…

If any clause, sentence, paragraph, section, or part of this chapter or its application to any person or circumstances, shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid, that judgment shall not affect, impair, or invalidate the remainder of …

This chapter shall be known and may be cited as the “Small Employer Health Insurance Availability Act.”

(a) No provision contained in this chapter prohibits the sale of health benefit plans that differ from the wellness health benefit plans provided for in this section. (b) The wellness health benefit plan shall be determined by regulations promulgated by the office of health insur…

(a) Small employer carriers are hereby authorized to actively market and sell basic benefit health plans developed pursuant to this section on and after July 1, 2007. Basic benefit health plans authorized under this section shall be exempt from any law requiring the coverage of a…

The commissioner may promulgate rules and regulations necessary to effectuate the purposes of this chapter.

(a) Each small employer carrier shall actively market and offer all health benefit plans sold by the carrier to eligible small employers in the state. (b)(1) Except as provided in subsection (b)(2) of this section, no small employer carrier or producer shall, directly or indirect…

To ensure ease of understanding of renewal rate calculation and related information, the health insurance commissioner may, by regulation, prescribe the presentation formats for delivery of renewal rates to small employers.

If any provision of this chapter or the application of any provision to any person or circumstances is for any reason held invalid, the remainder of the chapter and the application of its provisions to other persons or circumstances shall not be affected by that invalidity.

The director may promulgate regulations to require small employer carriers, as a condition of transacting business with small employers in this state after July 13, 2000, to reissue a health benefit plan to any small employer whose health benefit plan has been terminated or not r…

The director may establish a payment mechanism to adjust for the amount of risk covered by each small employer carrier. The director may appoint an advisory committee composed of individuals that have risk adjustment and actuarial expertise to help establish the risk adjusters.

(a) The commissioner shall allocate funds from the affordable health plan reinsurance fund for the affordable health reinsurance program. (b) The affordable health reinsurance program for small businesses shall only be available to low-wage firms, as defined in § 27-50-3, who pay…

(a) In general. A carrier shall establish a special enrollment period that allows for the enrollment of a pregnant individual at any time after the commencement of the pregnancy. Coverage shall be effective as of the first of the month in which the pregnant individual applies for…

(a) The following words and phrases as used in this section have the following meanings consistent with federal law and regulations adopted thereunder, as long as they remain in effect. If such authorities are determined by the commissioner to no longer be in effect, the laws and…

(a) The purpose and intent of this chapter are to enhance the availability of health insurance coverage to small employers regardless of their health status or claims experience; to prevent abusive rating practices; to prevent segmentation of the health insurance market based upo…

(a) “Actuarial certification” means a written statement signed by a member of the American Academy of Actuaries or other individual acceptable to the director that a small employer carrier is in compliance with the provisions of § 27-50-5, based upon the person’s examination and …

(a) This chapter applies to any health benefit plan that provides coverage to the employees of a small employer in this state, whether issued directly by a carrier or through a trust, association, or other intermediary, and regardless of issuance or delivery of the policy, if any…

(a) Premium rates for health benefit plans subject to this chapter are subject to the following provisions: (1) Subject to subsection (a)(2) of this section, a small employer carrier shall develop its rates based on an adjusted community rate and may only vary the adjusted commun…

(a) A health benefit plan subject to this chapter is renewable with respect to all eligible employees or dependents, at the option of the small employer, except in any of the following cases: (1) The plan sponsor has failed to pay premiums or contributions in accordance with the …

(a) Until October 1, 2004, for purposes of this section, “small employer” includes any person, firm, corporation, partnership, association, or political subdivision that is actively engaged in business that on at least fifty percent (50%) of its working days during the preceding …