Rhode Island § 27-71-11 § 27-71-11. Fines and penalties.

Rhode Island Statutes

§ 27-71-11 — § 27-71-11. Fines and penalties.

Rhode Island § 27-71-11

Title 27Insurance

Ch. 27-71Market Conduct Surveillance Act

This text of Rhode Island § 27-71-11 (§ 27-71-11. Fines and penalties.) 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 § 27-71-11 (2026).

Text

§ 27-71-11. Fines and penalties.
(a) Fines and penalties levied pursuant to this chapter or other provisions of the general
            laws shall be consistent, reasonable, and justified.
         
(b) The commissioner shall take into consideration actions taken by insurers that maintain
            membership in best-practice organizations that exist to promote high ethical standards
            of conduct in the marketplace, and insurers that self-assess, self-report, and remediate
            problems detected to mitigate fines levied pursuant to this chapter.
         

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§ 27-71-11. Fines and penalties.

(a) Fines and penalties levied pursuant to this chapter or other provisions of the general laws shall be consistent, reasonable, and justified.

(b) The commissioner shall take into consideration actions taken by insurers that maintain membership in best-practice organizations that exist to promote high ethical standards of conduct in the marketplace, and insurers that self-assess, self-report, and remediate problems detected to mitigate fines levied pursuant to this chapter.