§ 27-29-13.1. Late payment of premium.
An insurer may levy and collect a maximum fee or charge of ten dollars ($10.00) for any late payment of premium by a policyholder for any property, casualty, fire and marine or liability policy of insurance. A late fee may not be imposed unless payment is received more than five (5) business days following the date payment is due.
History of Section.P.L. 2005, ch. 69, § 1; P.L. 2005, ch. 79, § 1.
Structure Rhode Island General Laws
Chapter 27-29 - Unfair Competition and Practices
Section 27-29-1. - Declaration of purpose.
Section 27-29-2. - Definitions.
Section 27-29-3. - Prohibited trade practices.
Section 27-29-4. - Unfair methods of competition and unfair or deceptive acts or practices defined.
Section 27-29-4.1. - Cancellation of insurance prohibited.
Section 27-29-4.3. - Refusal to issue policy due to nonoccupancy.
Section 27-29-4.4. - Auto body repair labor rate surveys.
Section 27-29-4.6. - Reimbursement fee.
Section 27-29-4.7. - Additional unfair methods of competition.
Section 27-29-5. - Hearings — Witnesses — Appearances — Production of books — Service of process.
Section 27-29-6. - Cease and desist orders and modifications of those orders.
Section 27-29-7. - Judicial review of cease and desist orders.
Section 27-29-10. - Provisions of chapter additional to existing law.
Section 27-29-11. - Immunity from prosecution.
Section 27-29-12. - Regulations.
Section 27-29-13. - Payment of premium — Cancellation.
Section 27-29-13.1. - Late payment of premium.
Section 27-29-13.2. - Cancellation provisions for return of unearned premium.
Section 27-29-13.3. - Fraud warning.
Section 27-29-14. - Confidentiality of insurance information.
Section 27-29-15. - Severability.
Section 27-29-17. - Application.
Section 27-29-17.1. - Definitions.
Section 27-29-17.2. - Notice of nonrenewal.
Section 27-29-17.3. - Notice of premium or coverage changes.