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RI H7111

Bill

Official Source

Status

Introduced

1/15/2026

Primary Sponsor

Joseph Solomon

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Amends Rhode Island's Producer Licensing Act to explicitly define any change in insurance producer compensation as a contract modification

  • Triggers existing notice requirements: insurance companies must provide at least 180 days written notice before modifying producer contracts, including compensation changes

  • Applies to property and casualty insurance producers who have contracts with more than one insurance company

  • Takes effect immediately upon passage

Legislative Description

Clarifies what a contract modification is, namely any change in producer compensation.

Insurance

Last Action

Placed on House Calendar (03/19/2026)

3/13/2026

Committee Referrals

Corporations1/15/2026

Full Bill Text

No bill text available