Rhode Island § 27-9-38 § 27-9-38. Collection and compilation of experience data.

Rhode Island Statutes

§ 27-9-38 — § 27-9-38. Collection and compilation of experience data.

Rhode Island § 27-9-38

Title 27Insurance

Ch. 27-9Casualty Insurance Rating

This text of Rhode Island § 27-9-38 (§ 27-9-38. Collection and compilation of experience data.) 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 § 27-9-38 (2026).

Text

§ 27-9-38. Collection and compilation of experience data.
The commissioner shall promulgate reasonable rules and statistical plans reasonably
            adapted to each of the rating systems on file with the commissioner, which may be
            modified and which shall be used after this by each insurer in the recording and reporting
            of its loss and country-wide expense experience, in order that the experience of all
            insurers may be made available at least annually in a form and detail as may be necessary
            to aid the commissioner in determining whether rating systems comply with the standards
            set forth in §§ 27-9-4 — 27-9-6. Those rules and plans may also provide for the

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§ 27-9-38. Collection and compilation of experience data.

The commissioner shall promulgate reasonable rules and statistical plans reasonably adapted to each of the rating systems on file with the commissioner, which may be modified and which shall be used after this by each insurer in the recording and reporting of its loss and country-wide expense experience, in order that the experience of all insurers may be made available at least annually in a form and detail as may be necessary to aid the commissioner in determining whether rating systems comply with the standards set forth in §§ 27-9-4 — 27-9-6. Those rules and plans may also provide for the recording and reporting of expense experience items that are specially applicable to the state and are not susceptible of determination by a prorating of country-wide expense experience. In promulgating those rules and plans, the commissioner shall give due consideration to the rating systems on file with the commissioner and, in order that those rules and plans may be as uniform as is practicable among the several states, to the rules and to the form of the plans used for the rating systems in other states. No insurer shall be required to record or report its loss experience on a classification basis that is inconsistent with the rating system filed by it. The commissioner may designate one or more rating organizations or other agencies to assist the commissioner in gathering that experience and making compilations of it, and those compilations shall be made available, subject to reasonable rules promulgated by the commissioner, to insurers and rating organizations.