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RI S0015
Bill
Status
Introduced
1/23/2025
Primary Sponsor
Victoria Gu
Click for details
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