Chapter 136

2019 -- S 0536 Enacted 07/08/2019

A N   A C T

RELATING TO INSURANCE

Introduced By: Senator Roger Picard

Date Introduced: March 14, 2019

It is enacted by the General Assembly as follows:

SECTION 1. Chapter 27-3 of the General Laws entitled "Surplus Lines Insurance" is

hereby amended by adding thereto the following section:

27-3-38.3. Exception to life and health and accident exemption.

The provisions of this chapter do not apply to life and health and accident, as noted in §

27-3-38(a), and surplus lines brokers may not place insurance in those lines in the surplus market.

An exception is hereby made to this prohibition for the procurement of disability insurance with a

benefit limit in excess of a benefit limit available from an admitted insurer. For that class of

business only, a broker may obtain insurance from the surplus market.

SECTION 2. This act shall take effect upon passage.

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LC001775

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