· RI legislature · 2025

AN ACT RELATING TO INSURANCE-CASUALTY INSURANCE GENERALLY-LIMITATIONS ON POLICY CANCELLATIONS AND RENEWALS

Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.

Sponsor

Deb Fellela (D-RI)

Introduced

2025-02-07

Policy area

Finance and Financial Sector

Latest action

03/25/2025 Committee recommended measure be held for further study