Rhode Island S2011 amends insurance regulations to require advance notice for policy cancellations and renewals.
Rhode Island S2011 amends the regulations on the cancellation and renewal of liability and property damage insurance for automobiles, homeowners insurance, residential fire insurance, and components thereof. The bill mandates that insurers provide policyholders with at least two months' advance notice before canceling or non-renewing policies. It also requires insurers to furnish written notice of any coverage reductions, eliminations, or increased deductibles at least 30 days prior to renewal.
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