{"data":{"id":"us-ri/r.i.-gen.-laws-27-44-1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 27-44-1","heading":"Purposes.","body":"The purposes of this chapter are:\n(1) To prohibit price fixing agreements and other anticompetitive behavior by insurers;\n(2) To protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory rates;\n(3) To promote price competition among insurers to provide rates that are responsive to competitive market conditions;\n(4) To provide regulatory assurance that price competition exists;\n(5) To improve availability, fairness, and reliability of insurance;\n(6) To authorize essential cooperative action among insurers in the ratemaking process and to regulate that activity to prevent practices that tend to substantially lessen competition or create a monopoly;\n(7) To encourage the most efficient and economic marketing practices; and\n(8) To foster competitive insurance markets.","path":["Title 27 Insurance","Chapter 44 Casualty, Liability and Fire and Marine Insurance Rating"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE27/27-44/27-44-1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:57:41Z","sha256":"16bc515a75624d2e01bb9ba4364e4cc803299114dff13603ee56347aa02fde77","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-27-43-13","next":"us-ri/r.i.-gen.-laws-27-44-2"},"notice":"GroundRules: Original legal text. Not legal advice."}