Rhode Island H7517 expands definitions of unfair claims settlement practices and clarifies insureds' rights to pursue bad-faith remedies.

Rhode Island H7517 strengthens consumer protections in insurance claims by expanding definitions of unfair claims settlement practices and clarifying an insured’s right to pursue bad-faith remedies. The bill adds specific practices insurers cannot engage in, such as using unlicensed individuals for claims investigation or failing to compensate auto body shops for necessary services. It also ensures that insureds can designate a vehicle a total loss if the repair cost exceeds a certain percentage of the vehicle's fair market value.

Rhode Island H7517 expands definitions of unfair claims settlement practices and clarifies insureds' rights to pursue bad-faith remedies.

Rhode Island H7517 strengthens consumer protections in insurance claims by expanding definitions of unfair claims settlement practices and clarifying an insured’s right to pursue bad-faith remedies. The bill adds specific practices insurers cannot engage in, such as using unlicensed individuals for claims investigation or failing to compensate auto body shops for necessary services. It also ensures that insureds can designate a vehicle a total loss if the repair cost exceeds a certain percentage of the vehicle's fair market value.