Rhode Island General Laws 27-44-17. Noncompetitive markets – Nonapplicability of chapter
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Any market deemed to be a noncompetitive market, and any market described in § 27-44-3, shall have rates established for it pursuant to the standards and procedures as applicable in chapters 6, 7.1, 9, 19, and 20 of this title, and the other sections of law govern the rates of different classes of insurance. Nothing contained in this section shall be construed to limit the applicability of any other relevant section of law.
History of Section.
P.L. 1988, ch. 635, § 1.
Terms Used In Rhode Island General Laws 27-44-17
- Market: means the interaction between buyers and sellers consisting of a product market component. See Rhode Island General Laws 27-44-2
- Noncompetitive market: means a market for which there is a ruling in effect pursuant to § 27-44-4 that a reasonable degree of competition does not exist. See Rhode Island General Laws 27-44-2