Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 05 - Personal Lines - Automobile and Homeowners Insurance
Part 2 - Automobile Insurance Cancellation and Renewal Provisions
Section 230-RICR-20-05-2.7 - Use of Insurance Score in Rating or Underwriting

A. An insurer may not decline insurance for a new customer based solely on an Insurance Score, or absence of an Insurance Score.

B. An insurer which uses an Insurance Score in rating or underwriting must demonstrate the statistically predictive nature of the Insurance Score utilized in conjunction with its rate filing.

C. An insurer must confirm that none of the "negative factors" listed in R.I. Gen. Laws § 27-9-56(c) have been utilized in determining an Insurance Score or in the rating or underwriting process.

D. No insurer shall cancel, fail to renew or increase the rate of an existing customer based solely on a worsening in a customer's Insurance Score unless:

E. If a credit bureau determines that disputed information is inaccurate or incorrect and such information was used in determining an insurance score which resulted in a denial, cancellation or nonrenewal of or higher premiums or less favorable policy terms for a consumer, the insurer shall, within thirty (30) days of receiving notice of correction, reissue or re-rate the policy by refunding the amount of the overpayment of premium based on the corrected insurance score retroactive to the shorter of the last twelve (12) months of coverage or the actual period of coverage. This regulation does not require an insurer that declined a risk as a result of credit to issue a retroactive policy if that information is later determined to be incorrect.

F. If the credit history is insufficient, the insurer shall follow § 15.5 of this Subchapter.

G. If the insurer receives a written request from a person claiming to have been affected by an Extraordinary Life Event, the insurer shall follow § 15.6 of this Subchapter.