2015 Rhode Island General Laws
Title 27 - Insurance
Chapter 27-29 - Unfair Competition and Practices
Section 27-29-13.1 - Late payment of premium.
§ 27-29-13.1 Late payment of premium. – An insurer may levy and collect a maximum fee or charge of ten dollars ($10.00) for any late payment of premium by a policyholder for any property, casualty, fire and marine or liability policy of insurance. A late fee may not be imposed unless payment is received more than five (5) business days following the date payment is due.
History of Section.
(P.L. 2005, ch. 69, § 1; P.L. 2005, ch. 79, § 1.)
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