Rhode Island § 27-7-2.3 § 27-7-2.3. Insurance rate adjustment.

Rhode Island Statutes

§ 27-7-2.3 — § 27-7-2.3. Insurance rate adjustment.

Rhode Island § 27-7-2.3

Title 27Insurance

Ch. 27-7Liability Insurance

This text of Rhode Island § 27-7-2.3 (§ 27-7-2.3. Insurance rate adjustment.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-7-2.3 (2026).

Text

§ 27-7-2.3. Insurance rate adjustment.
The insurer shall be responsible for maintaining records of all judgments entered
            by the court that require the insurer to pay an amount in excess of a policy coverage
            limitation due to the failure of the insurer to settle a civil action in accordance
            with the provisions of § 27-7-2.2. No payments made by the insurer in excess of a policy coverage limitation shall
            be incorporated or used by the insurer in any subsequent rate adjustment on affected
            liability lines of insurance.
         

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-7-2.3. Insurance rate adjustment.

The insurer shall be responsible for maintaining records of all judgments entered by the court that require the insurer to pay an amount in excess of a policy coverage limitation due to the failure of the insurer to settle a civil action in accordance with the provisions of § 27-7-2.2. No payments made by the insurer in excess of a policy coverage limitation shall be incorporated or used by the insurer in any subsequent rate adjustment on affected liability lines of insurance.