· RI legislature · 2025

AN ACT RELATING TO INSURANCE -- UNFAIR CLAIMS SETTLEMENT PRACTICES ACT

Makes it an unfair claims practice for insurer to designate a motor vehicle a total loss if the cost to repair motor vehicle to its pre-accident condition is less than 75% to 80% of the fair market value.

Sponsor

Matthew Dawson (D-RI)

Introduced

2025-03-12

Policy area

Finance and Financial Sector

Latest action

07/05/2025 Effective without Governor's signature