Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 05 - Personal Lines - Automobile and Homeowners Insurance
Part 15 - Use of Credit - Extraordinary Life Events (230-RICR-20-05-15)
Section 230-RICR-20-05-15.5 - Absence of or Insufficient Credit History

1. If an insurer issuing or delivering a policy is unable to obtain credit history from a consumer report or in cases where an insured or applicant has insufficient credit history to produce an insurance score, the insurer shall underwrite, tier, or rate the individual risk in one of the following ways:

2. The application and definition of a neutral or average insurance score; the manner in which credit history is excluded; and the use of other underwriting, tiering, or rating criteria are subject to the Department's review and approval. Any such established underwriting guidelines or filed tiering or rating rules shall consider other actuarially justified factors associated with the risk in addition to the inability to obtain credit history or the insufficiency of the credit history.

3. The absence of or inability to obtain an insurance score or insufficient credit history does not include situations where an applicant or insured refuses to allow the insurer access to the customer's credit history. Insurers are not required to provide a quote, or issue or renew a policy should a customer or existing insured refuse to provide access to a customer's credit history.