2013 Rhode Island General Laws
Title 31 - Motor and Other vehicles
Chapter 31-34 - Responsibility of Owners of Rental Vehicles
Section 31-34-2.1 - Self-insurers.
§ 31-34-2.1 Self-insurers. – (a) Any person or company in whose name more than four hundred (400) vehicles are registered in this state may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the division of motor vehicles as provided in subsection (b).
(b) Upon the application of the person or company, the division may issue a certificate of self-insurance at its discretion if it is satisfied that the person or company has and will have the ability to pay any judgment obtained against the person or company. The certificate may be issued authorizing a person or company to act as a self-insurer for either property damage or bodily injury, or both.
(c) Upon not less than five (5) days' notice and a hearing pursuant to notice, the division upon reasonable grounds may cancel a certificate of self-insurance. Failure to pay any judgment within thirty (30) days after the judgment has become final constitutes a reasonable ground for the cancellation of a certificate of self-insurance.
History of Section.
(P.L. 1998, ch. 339, § 2.)
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