Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 05 - Personal Lines - Automobile and Homeowners Insurance
Part 1 - Uninsured and Underinsured Motorist Insurance (230-RICR-20-05-1)
Section 230-RICR-20-05-1.9 - Arbitration
Universal Citation: 230 RI Code of Rules 20 05 1.9
Current through September 18, 2024
A. In accordance with R.I. Gen. Laws §§ 10-3-2 and 27-10.3-1(5) in all policies containing uninsured/underinsured motorist coverage, the provision requiring arbitration of benefits under that coverage must be placed immediately before the testimonium clause or the signatures of the parties.
B. If the arbitration provision is in violation of (a) above it may be enforced at the option of the insured, and in the event the insured exercises the option to arbitrate, then the provisions of this chapter shall apply and be the exclusive remedy available to the insured.
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