Rhode Island § 27-71-2 § 27-71-2. Purpose — Legislative intent.

Rhode Island Statutes

§ 27-71-2 — § 27-71-2. Purpose — Legislative intent.

Rhode Island·Title 27 Insurance·Ch. 27-71 Market Conduct Surveillance Act

§ 27-71-2. Purpose — Legislative intent.
(a) The purpose of this chapter is to establish a framework for insurance market conduct
            actions, including:
         
(1) Processes and systems for identifying, assessing, and prioritizing market conduct
            problems that have an adverse impact on consumers, policyholders, and claimants;
         
(2) Market conduct actions by a commissioner to substantiate such market conduct problems
            and a means to remedy market conduct problems; and
         
(3) Procedures to communicate and coordinate market conduct actions among states 

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§ 27-71-2. Purpose — Legislative intent.

(a) The purpose of this chapter is to establish a framework for insurance market conduct actions, including:

(1) Processes and systems for identifying, assessing, and prioritizing market conduct problems that have an adverse impact on consumers, policyholders, and claimants;

(2) Market conduct actions by a commissioner to substantiate such market conduct problems and a means to remedy market conduct problems; and

(3) Procedures to communicate and coordinate market conduct actions among states to foster the most efficient and effective use of resources.

(b) This chapter does not apply to entities regulated by the office of health insurance commissioner under chapter 14.5 of title 42 ("The Rhode Island Healthcare Reform Act of 2004 — Health Insurance Oversightâ€�) or any insurer licensed only in the state of Rhode Island.

Rhode Island § 27-71-2 (§ 27-71-2. Purpose — Legislative intent.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.