RELATING TO INSURANCE -- FIRE AND MARINE LIABILITY AND CASUALTY INSURANCE
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Introduced
By: Senator David E. Bates |
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Date
Introduced: January 31, 2002 |
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It is enacted
by the General Assembly as follows:
SECTION
1. Chapter 27-6 of the General Laws entitled "Fire and Marine Insurance Rating"
is hereby amended by adding thereto the following section:
27-6-6.1. Approval of
policies. -- (a)
Every insurance company and every rating/advisory organization issuing policies
covering fire and marine insurance provided for in this chapter shall file with
the director:
(1) a copy of
the form of the policies proposing to use. A policy may not be issued until the
director has approved the form;
(2) any policy form, subject to this chapter and
filed by an insurer or rating/advisory organization on behalf of its members or
subscribers with the director, shall be deemed public information at the time
of filing.
SECTION
2. Chapter 27-9 of the General Laws entitled "Casualty Insurance Rating" is
hereby amended by adding thereto the following section:
27-9-6.1. Approval of
policies. -- (a)
Every insurance company and every rating/advisory organization issuing policies
covering casualty insurance provided for in this chapter shall file with the
director:
(1) a copy of
the form of the policies proposing to use. A policy may not be issued until the
director has approved the form;
(2) any policy form, subject to this chapter and
filed by an insurer or rating/advisory organization on behalf of its members or
subscribers with the director, shall be deemed public information at the time
of filing.
SECTION
3. Chapter 27-44 of the General Laws entitled "Casualty, Liability And Fire And
Marine Insurance Rating" is hereby amended by adding thereto the following
section:
27-44-4.1. Approval of
policies. -- (a)
Every insurance company and every rating/advisory organization issuing policies
covering casualty, liability and fire and marine insurance provided for in this chapter shall file with the
director:
(1) a copy of
the form of the policies proposing to use. A policy may not be issued until the
director has approved the form;
(2) any policy form, subject to this chapter and
filed by an insurer or rating/advisory organization on behalf of its members or
subscribers with the director, shall be deemed public information at the time
of filing.
SECTION
4. This act shall take effect upon passage.