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RI S2769
Bill
Status
3/4/2026
Primary Sponsor
Brian Thompson
Click for details
AI Summary
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Establishes minimum claim filing periods for property insurance: 24 months for fire or lightning damage and 10 years for all other structural property damage, measured from when damage was discovered or reasonably should have been discovered
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Voids any insurance policy provision, endorsement, or agreement that attempts to shorten these minimum limitations periods, declaring such provisions unenforceable as against public policy
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Prohibits insurers from declaring claims closed, settled, or satisfied unless the claimant executes a formal written release that is witnessed by a disinterested adult and notarized by someone not affiliated with the insurer
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Requires insurers to provide written notice of applicable limitations periods and claim rights at first notice of loss and with any payment issued
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Violations constitute unfair claims settlement practices enforceable by the Department of Business Regulation, Attorney General, and private parties, with the Director authorized to promulgate implementing regulations
Legislative Description
Establishes minimum limitations standards for structural property damage claims, and voids any policy provision, endorsement, condition, limitation, agreement, or claim practice that shortens those standards.
Insurance
Last Action
Introduced, referred to Senate Commerce
3/4/2026