Bill
Bill > H7604
RI H7604
RI H7604Increases minimum amount for required damages and time to perform appraisal from three days to four.
summary
Introduced
02/11/2026
02/11/2026
In Committee
02/11/2026
02/11/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would increase the amount of required motor vehicle damages for an unfair claims settlement practices act from two thousand five hundred dollars ($2,500) to five thousand dollars ($5,000) and require an appraisal within four business (4) days. It would also use fair market values as used by the automotive or insurance industry. This act would take effect upon passage.
AI Summary
This bill amends the "Unfair Claims Settlement Practices Act" to increase the minimum amount of motor vehicle damage that triggers a requirement for an appraisal from $2,500 to $5,000, and it also extends the timeframe for insurers to perform this appraisal from three to four business days after a request from an auto body repair shop. Additionally, the bill clarifies that "fair market value" for determining if a vehicle is a total loss should be based on values used by the automotive or insurance industry, and it specifies that this act will become effective immediately upon its passage.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, referred to House Corporations (on 02/11/2026)
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/H7604.pdf |
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