Rhode Island H7066 amends insurance regulations to require advance notice of coverage reductions or eliminations in certain insurance policies.

Rhode Island H7066 modifies the regulations on the cancellation and renewal of liability and property damage insurance for automobiles, homeowners insurance, and residential fire insurance. The bill mandates that insurers provide two months' advance notice to policyholders before any coverage reductions, eliminations, or increased deductibles not requested by the insured. The notice must detail the changes and be included in the renewal policy package or sent separately.

Rhode Island H7066 amends insurance regulations to require advance notice of coverage reductions or eliminations in certain insurance policies.

Rhode Island H7066 modifies the regulations on the cancellation and renewal of liability and property damage insurance for automobiles, homeowners insurance, and residential fire insurance. The bill mandates that insurers provide two months' advance notice to policyholders before any coverage reductions, eliminations, or increased deductibles not requested by the insured. The notice must detail the changes and be included in the renewal policy package or sent separately.