Section 230-RICR-20-05-8.3 - DefinitionsA. The following definitions shall apply to this Part:1. "Assigned risk" means those policies issued by the Plan to eligible applicants who have been unable to secure such insurance in the voluntary market. 2. "Department" means Department of Business Regulation, Division of Insurance. 3. "Governing committee" means the body established by the Plan of Operation to administer the Plan and to perform the duties as outlined in the Plan of Operation. 4. "Insurer" means any licensed insurance company writing automobile insurance in this State which is required because of licensure to participate in the assigned risk plan in accordance with R.I. Gen. Laws §§ 27-9-43 and 31-33-8. 5. "Plan" means the Rhode Island Automobile Insurance Plan.6. "Plan of operation" means that plan adopted by Insurers required to participate in the automobile assigned risk plan by the provisions of R.I. Gen. Laws §§ 27-9-43 and 31-33-8 and submitted to and approved by the Department which shall serve as the basis for the issuance and managing of insurance issued by the Plan. 230 R.I. Code R. 230-RICR-20-05-8.3
Adopted effective 1/1/2019
Amended effective 2/3/2022