Bill
Bill > H7111
RI H7111
RI H7111Clarifies what a contract modification is, namely any change in producer compensation.
summary
Introduced
01/15/2026
01/15/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would declare that any change in producer compensation would be a contract modification. This act would take effect upon passage.
AI Summary
This bill clarifies that any alteration in the payment an insurance producer receives from an insurance company will be considered a modification to their contract, meaning insurance companies must provide at least 180 days' notice before implementing such changes, similar to other contract modifications. This provision is being added to existing law that governs the cancellation or modification of contracts with property and casualty insurance producers, and the bill will become effective immediately upon its passage.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Committee recommended measure be held for further study (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/HouseText26/H7111.pdf |
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