230 R.I. Code R. 230-RICR-20-05-10.4

Current through December 3, 2024
Section 230-RICR-20-05-10.4 - Definitions
A. As used in this Regulation:
1. "Auto body labor rate survey" means an analysis of information gathered from auto body repair shops regarding the rates of labor that repair shops charge in a certain geographic area.
2. "Contract rate" means any labor rate to which an auto body repair facility and an insurer have agreed in a formal agreement and/or written contract.
3. "Department" means the Department of Business Regulation, Insurance Division.
4. "Full collision repair auto body facilities" means those facilities designated as such in Part 30-05-2 of this Title.
5. "Motor vehicle liability insurance" means those lines of insurance reported by the insurer in an insurers' annual statement as other private passenger auto liability, other commercial auto liability, private passenger auto physical damage, and commercial auto physical damage.
6. "Insurance group" means a number of insurers within a holding company who are assigned a single group code by the National Association of Insurance Commissioners.
7. "Prevailing auto body labor rate" means the rate determined and set by an insurer as a result of conducting an auto body labor rate survey and used by insurers as a basis for determining the cost to settle automobile property damage claims.

230 R.I. Code R. 230-RICR-20-05-10.4