Section 230-RICR-20-05-2.5 - Cancellation NoticeA. The provisions of § 2.4 of this Part shall apply to each and every coverage or limit afforded under the policy but the insurer, at its option and in lieu of outright cancellation, may reduce the limits afforded for automobile bodily injury liability and property damage liability (subject to compliance with the minimum financial security requirements) or cancel any other coverage, by delivering written notice stating the specific reason or reasons relied upon by it for its action and when, not less than thirty (30) days thereafter, such cancellation or reduction of limits shall be effective.B. No insurer shall exercise its right to cancel a policy unless a written notice of cancellation is delivered to the named insured, at the address shown in the policy, at least thirty (30) days prior to the effective date of cancellation, except that when cancellation is for non-payment of premium such notice shall be delivered to the named insured at least ten (10) days prior to the effective date of cancellation and shall include or be accompanied by a statement of the reason therefore. This section shall not apply to the failure to renew a policy.C. This Section shall not apply to policies issued pursuant to R.I. Gen. Laws §§ 31-33-8 and 31-47-16 through the Rhode Island Automobile Insurance Plan. Cancellation of those policies is governed solely by the terms of the Plan Manual as filed with and approved by the Department.230 R.I. Code R. 230-RICR-20-05-2.5
Amended effective 12/24/2019