Rhode Island § 27-9-1 § 27-9-1. Purpose of chapter.

Rhode Island Statutes

§ 27-9-1 — § 27-9-1. Purpose of chapter.

Rhode Island § 27-9-1

Title 27Insurance

Ch. 27-9Casualty Insurance Rating

This text of Rhode Island § 27-9-1 (§ 27-9-1. Purpose of chapter.) 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 § 27-9-1 (2026).

Text

§ 27-9-1. Purpose of chapter.

The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in ratemaking and in other matters within the scope of this chapter. Nothing in this chapter is intended to:

(1)prohibit or discourage reasonable competition; or (2) prohibit or encourage, except to the extent necessary to accomplish the stated purpose of this chapter, uniformity in insurance rates, rating systems, or rating plans or practices. This chapter shall be liber

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§ 27-9-1. Purpose of chapter.

The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in ratemaking and in other matters within the scope of this chapter. Nothing in this chapter is intended to: (1) prohibit or discourage reasonable competition; or (2) prohibit or encourage, except to the extent necessary to accomplish the stated purpose of this chapter, uniformity in insurance rates, rating systems, or rating plans or practices. This chapter shall be liberally interpreted to carry into effect the provisions of this section.