Rhode Island General Laws 27-44-12. Rating organization – Public information
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Every rating organization shall file any amendment or modification made to supplementary rate information with the director within fifteen (15) days after it is distributed to members, subscribers, or others.
History of Section.
P.L. 1988, ch. 635, § 1.
Terms Used In Rhode Island General Laws 27-44-12
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Director: means the director of department of business regulation. See Rhode Island General Laws 27-44-2
- Rating organization: means any entity that either has two (2) or more member insurers or is controlled either directly or indirectly by two (2) or more insurers and that assists insurers in ratemaking. See Rhode Island General Laws 27-44-2
- Supplementary rate information: includes any manual or plan of rates, classification, rating schedule, minimum premium, policy fee, rating rule, and any other similar information needed to determine the applicable rate in effect or to be in effect. See Rhode Island General Laws 27-44-2