It is enacted by the General Assembly as follows:

SECTION 1. Chapter 27-29 of the General Laws entitled "Unfair Competition and Practices" is hereby amended by adding thereto the following sections:

{ADD 27-29-15. Confidentiality of insurance information. -- ADD} {ADD No insurance company, authorized or licensed to do business in the state of Rhode Island, that obtains insurance information through and residual market (mechanism), including but not limited to the assigned risk plans joint underwriting association, including, but not limited to, the name of the insured, the policy expiration date, the amount of insurance coverage, the policy number, the name of the insurance company or the amount of the insurance premium shall without the permission of the producer of record use that information for marketing or soliciting so as to eliminate the participation of the producer of record and shall be prohibited from selling or transferring that information to any third party for such purposes, without the consent of the producer of record, provided however, that nothing contained herein shall be deemed to prohibit an insurance company from offering voluntary market coverage as provided for in the rules of any automobile insurance residual market mechanism or to prohibit a workers' compensation insurance company from sharing the name of the insured with a nonprofit medical service corporation or a nonprofit hospital service corporation.

SECTION 2. This act shall take effect upon passage.