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RI S0015

Bill

Status

Introduced

1/23/2025

Primary Sponsor

Victoria Gu

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Origin

Senate

2025 Regular Session

AI Summary

Legislative Description

Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.

INSURANCE-CASUALTY INSURANCE GENERALLY-LIMITATIONS ON POLICY CANCELLATIONS AND RENEWALS

Last Action

Committee recommended measure be held for further study

3/18/2025

Committee Referrals

Commerce1/23/2025

Full Bill Text

No bill text available