REGULATORY ACTIVITY:

• Issued bulletin number 2020-2 regarding motor vehicle damage appraisals during COVID-19 emergency.

REGULATORY ACTIVITY:

• Published Insurance Bulletin Number 2020-1 regarding salvage title requirements and consumer notice. In accordance with RI Gen. Laws 27-9.1-4, when a vehicle is deemed a total loss and the insurer is not retaining the salvage, the insurer must provide written notice to the vehicle owner regarding the steps involved for obtaining both a salvage title and a reconstructed title. The notice should be delivered to the vehicle owner at the time the vehicle owner requests a salvage bid.  To view this bulletin, go to https://dbr.ri.gov/news/insurance.php.

REGULATORY ACTIVITY:

• Issued insurance bulletin 2018-15 regarding Rhode Island Insurance Verification System change to reporting frequency and letter issuance.   The RI Insurance Division in conjunction with the RI Division of Motor Vehicles (DMV), issues this Bulletin to notify Insurance Company Representatives of new requirements under Public Law 2018, Chapters 160 and 245, Relating to Motor and Other Vehicles -  Uninsured Motorist Identification Database Procedure, which amends RI Gen. Laws § 31-47.4. This Bulletin supersedes Insurance Bulletin 2015-1.  To view the bulletin, go to http://www.dbr.ri.gov/news/insurance.php.

REGULATORY ACTIVITY:

• Issued Bulletin 2018-13 regarding auto body labor rate survey reports 2018 prevailing labor rates.  To view the bulletin, go to  http://www.dbr.ri.gov/news/insurance.php.

REGULATORY ACTIVITY:

• Issued insurance bulletin Number 2018-7 regarding insurers and groups that must participate in the auto body labor rate survey of 2018.  To view the bulletin, go to http://www.dbr.ri.gov/news/insurance.php.

REGULATORY ACTIVITY:

• Published Bulletin 2018-7 regarding Auto Body Labor Rate Survey- Insurers and Groups which Must Participate in2018 Survey. Published with the survey were two excel spreadsheets listing the entities that must respond to the survey.  To view the bulletin and spreadsheets, go to http://www.dbr.ri.gov/news/insurance.php.

REGULATORY ACTIVITY:

• Published bulletin 2018-5 regarding use of a specific form for compliance with 230-RICR-20-05-5 Pre-inspection of Private Passenger Motor Vehicles.  To view the form, go to http://www.dbr.ri.gov/documents/news/insurance/InsuranceBulletin2018-5.pdf.

REGULATORY ACTIVITY:

• Posted proposed amendments to 230-RICR-20-05-5 Pre-Inspection of Private Passenger Motor Vehicles (formerly Insurance Regulation 77). No hearing date unless objection received by February 18, 2018.  To view a copy of the proposed rule, go to http://www.dbr.state.ri.us/documents/rules/proposed/2018-INS_propd230-RICR-20-05-5.pdf.

REGULATORY ACTIVITY:

• Issued Insurance Bulletin 2017-02 regarding 2017 legislative changes to insurance statutes.
• Posted notice of amendments to rules regarding rule 230-RICR-20-50-3 Motor Vehicle Damage Appraisers (Formerly Insurance Regulation 42).    A hearing will be held on September 5, 2017.
• Has posted a number of rules to be amended regarding Automobile insurance rates and minimum coverage. A hearing on all of the proposed rules will be held on September 19, 2017.  The proposed rules are:
  • Rule 230-RICR-20-5-3 - The rule regulates automobile insurance rating.  The amendments are designed to clarify language in the existing rule and to incorporate the provisions of current Insurance Regulation 3 – Prohibition of Surcharges on Minors, Insurance Regulation 53 – Automobile Insurance Minimum Liability Limits and Insurance Regulation 84 – Automobile Insurance Premium Reductions for Anti-Theft Devices.
  • Rule 230-RICR-20-5-3 - The rule prohibits surcharges on minors in automobile insurance rating.  The proposal is to repeal current Insurance Regulation 3 – Prohibition of Surcharges on Minors, and incorporate its terms into 230-RICR-20-5-3 - Automobile Insurance Rating.
  • Rule 230-RICR-20-5-3 - The rule establishes the minimum limits for automobile liability insurance issued in Rhode Island.  The proposal is to repeal current Insurance Regulation 53 – Automobile Liability Minimum Coverage Limits, and incorporate its terms into 230-RICR-20-5-3 - Automobile Insurance Rating.
  • Rule 230-RICR-20-5-3 - The rule provides for reduction in automobile insurance premiums for anti-theft devices.  The proposal is to repeal current Insurance Regulation 84 – Automobile Insurance Premium Reductions for Anti-Theft Devices, and incorporate its terms into 230-RICR-20-5-3 - Automobile Insurance Rating.
  • Rule 230-RICR-20-50-3 - The rule provides amendments to Motor Vehicle Damage Appraisers.