230 R.I. Code R. 230-RICR-20-05-1.9

Current through December 3, 2024
Section 230-RICR-20-05-1.9 - Arbitration
A. In accordance with R.I. Gen. Laws §§ 10-3-2 and 27-10.3-1(5) in all policies containing uninsured/underinsured motorist coverage, the provision requiring arbitration of benefits under that coverage must be placed immediately before the testimonium clause or the signatures of the parties.
B. If the arbitration provision is in violation of (a) above it may be enforced at the option of the insured, and in the event the insured exercises the option to arbitrate, then the provisions of this chapter shall apply and be the exclusive remedy available to the insured.

230 R.I. Code R. 230-RICR-20-05-1.9