States / Rhode Island / HB 5333

HB 5333 Failed

AN ACT RELATING TO INSURANCE-CASUALTY INSURANCE GENERALLY-LIMITATIONS ON POLICY CANCELLATIONS AND RENEWALS

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.

Chamber
House
Introduced
Feb 7, 2025
Last action
Mar 25, 2025 — 03/25/2025 Committee recommended measure be held for further study
Sponsor
Paul Santucci R
Session
2025
Momentum
5 · Stalled