Rhode Island Code of Regulations
Title 230 - Department of Business Regulation
Chapter 20 - Insurance
Subchapter 05 - Personal Lines - Automobile and Homeowners Insurance
Part 8 - Rhode Island Automobile Insurance Plan (formerly Insurance Regulation 98)
Section 230-RICR-20-05-8.2 - Purpose
Universal Citation: 230 RI Code of Rules 20 05 8.2
Current through September 18, 2024
A. The purpose of this Part is to:
1. Make automobile insurance available to
eligible applicants who have been unable to secure such insurance in the
voluntary market;
2. Establish the
parameters under which insurers writing automobile insurance in Rhode Island
will satisfy their obligation to provide for assigned risk policies;
3. Authorize the Plan to establish rates for
insurance as authorized pursuant to R.I. Gen. Laws §§
27-9-41 and
31-33-8;
4. Provide that amounts assessed by the Plan
on Insurers may be included in the data used by those Insurers in the
development of automobile insurance rates for voluntary business; and
5. Provide the Plan with the
authority to issue policies on its own account as detailed in this Part and the
Plan of Operation adopted by the Insurers.
Disclaimer: These regulations may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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