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RI S2770
Bill
Status
3/4/2026
Primary Sponsor
Ryan Pearson
Click for details
AI Summary
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Adds a new unfair claims practice: insurers failing to apply the "matching principle" when interpreting replacement cost coverage in homeowner's insurance policies
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Requires insurers to replace items that do not match in quality, color, or size with existing undamaged portions of the property to achieve a reasonably uniform appearance
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Applies the matching principle to both interior and exterior losses under homeowner's policies
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Prohibits insurers from requiring the insured to pay any cost beyond the applicable deductible for matching-related replacements
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Takes effect upon passage
Legislative Description
Characterizes the failure of a homeowner's insurance policy to use matching principle in its interpretation of replacement cost coverage in its homeowner's insurance policy, as an unfair claim settlement practices.
Insurance
Last Action
Introduced, referred to Senate Commerce
3/4/2026