RI H7863

Eliminates the option for policyholders purchasing only minimum compulsory insurance to reduce uninsured motorist coverage to zero, making such coverage mandatory for all auto liability policies in Rhode Island

Removes the ability for named insureds to reject in writing uninsured motorist coverage for property damage losses

Maintains existing provisions requiring insurers to offer uninsured motorist coverage equal to bodily injury liability limits, with the option to select lower limits (but no longer reducible to zero)

Preserves the $200 deductible for property damage claims caused by collision and existing rules for underinsured motorist coverage and stacking of multiple premiums

Takes effect January 1, 2027, applying prospectively to new or renewed insurance policies issued after that date