Rhode Island § 31-50-4 § 31-50-4. Funding of office.

Rhode Island Statutes

§ 31-50-4 — § 31-50-4. Funding of office.

Rhode Island·Title 31 Motor and Other vehicles·Ch. 31-50 Office of Automobile Theft and Insurance Fraud

§ 31-50-4. Funding of office.
The director of business regulation shall fund the office of automobile theft and
            insurance fraud annually through those insurers authorized to write automobile insurance
            in the state, in proportion to their market share, in an amount equal to one dollar
            ($1.00) per year times the total number of registrations of vehicles having a gross
            weight of ten thousand pounds (10,000 lbs.) or less. Insurers may collect the amount
            as a policy surcharge, separately identifiable on either the policy declaration page
            or billing. The director is authorized by rules and regulations to raise these funds
            and direct the method

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

§ 31-50-4. Funding of office.

The director of business regulation shall fund the office of automobile theft and insurance fraud annually through those insurers authorized to write automobile insurance in the state, in proportion to their market share, in an amount equal to one dollar ($1.00) per year times the total number of registrations of vehicles having a gross weight of ten thousand pounds (10,000 lbs.) or less. Insurers may collect the amount as a policy surcharge, separately identifiable on either the policy declaration page or billing. The director is authorized by rules and regulations to raise these funds and direct the method by which payment of these charges is to be implemented. All funds collected pursuant to this section shall be deposited as general revenues.

Rhode Island § 31-50-4 (§ 31-50-4. Funding of office.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.