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RI H7066
Bill
Status
1/14/2026
Primary Sponsor
Samuel Azzinaro
Click for details
AI Summary
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Homeowner's insurance premium increases exceeding 20% require two months' advance notice to policyholders, effective September 1, 2026
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Non-renewal notices for homeowner's policies must be delivered at least two months before policy expiration
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Violations constitute a deceptive trade practice under Rhode Island law, with fines up to $1,000 per violation
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Amends existing insurance regulations that already require 30 days' notice for coverage reductions, eliminations, or increased deductibles on auto, homeowner's, and residential fire policies
Legislative Description
Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20% and a violation constitutes a deceptive trade practice punishable by a fine not to exceed $1,000.
Insurance
Last Action
Committee recommended measure be held for further study
2/3/2026