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RI S2076
Bill
Status
1/16/2026
Primary Sponsor
Gordon Rogers
Click for details
AI Summary
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Amends Rhode Island General Laws Section 45-5-20.1 governing municipal insurance corporations created jointly by cities, towns, school committees, and water/fire districts
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Removes the existing exemption that prevented the Rhode Island Department of Business Regulation from regulating these municipal insurance pooling corporations
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Changes current law from stating these corporations "shall in no way be regulated" to stating they "shall" be regulated by the Department of Business Regulation
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Corporations affected are nonprofit entities that provide insurance, reinsurance, and risk management programs to eligible municipal entities
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Takes effect upon passage
Legislative Description
Requires a corporation created under this statute to be regulated by the Rhode Island department of business regulation.
Towns And Cities
Last Action
Committee recommended measure be held for further study
3/10/2026