Bill
Bill > S2011
RI S2011
RI S2011Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20% and a violation constitutes a deceptive trade practice punishable by a fine not to exceed $1,000.
summary
Introduced
01/09/2026
01/09/2026
In Committee
01/09/2026
01/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would require homeowner’s insurance providers to provide two months’ notice before increasing any policy renewal premium more than 20%. A violation would constitute a deceptive trade practice punishable by a fine not to exceed one thousand dollars ($1,000). This act would take effect upon passage.
AI Summary
This bill requires homeowner's insurance providers to give policyholders at least two months' notice before increasing the cost of their policy renewal by more than 20%, or if they are not renewing the policy at all. This new requirement, which takes effect upon passage, aims to prevent unexpected premium hikes and ensure policyholders have adequate time to find alternative coverage. Violating these notice provisions will be considered a deceptive trade practice, punishable by a fine of up to $1,000.
Committee Categories
Business and Industry
Sponsors (10)
Victoria Gu (D)*,
Sam Bell (D),
Jacob Bissaillon (D),
Bob Britto (D),
John Burke (D),
Alana DiMario (D),
Hanna Gallo (D),
Meghan Kallman (D),
Tiara Mack (D),
Sue Sosnowski (D),
Last Action
Introduced, referred to Senate Commerce (on 01/09/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/SenateText26/S2011.pdf |
Loading...