§ 27-7-2.3. Insurance rate adjustment.
The insurer shall be responsible for maintaining records of all judgments entered by the court that require the insurer to pay an amount in excess of a policy coverage limitation due to the failure of the insurer to settle a civil action in accordance with the provisions of § 27-7-2.2. No payments made by the insurer in excess of a policy coverage limitation shall be incorporated or used by the insurer in any subsequent rate adjustment on affected liability lines of insurance.
History of Section.P.L. 1981, ch. 55, § 1.
Structure Rhode Island General Laws
Chapter 27-7 - Liability Insurance
Section 27-7-1. - Direct liability of insurer to person injured.
Section 27-7-2. - Remedies of injured party against insurer.
Section 27-7-2.1. - Uninsured motorist coverage.
Section 27-7-2.2. - Interest on judgment — Payment by insurer.
Section 27-7-2.3. - Insurance rate adjustment.
Section 27-7-2.4. - Direct action against insurer upon filing for bankruptcy.
Section 27-7-2.5. - Minimum coverage — Medical payments.
Section 27-7-3. - Applicability.
Section 27-7-4. - Information to policyholder.
Section 27-7-5. - Information to injured party.
Section 27-7-6. - Rental vehicle coverage.
Section 27-7-7. - Written notice to claimants of payment of claim in settlements.