2025 Regular Session • Rhode Island Legislature
H5333: Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.
Legislative Summary
INSURANCE-CASUALTY INSURANCE GENERALLY-LIMITATIONS ON POLICY CANCELLATIONS AND RENEWALS - Requires homeowner’s insurance providers to provide two months’ notice before increasing any policy more that 20%. Also caps rate increases for policy holders that are 65 years of age or older and meet certain income limits.
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
2/7/2025
Introduced, referred to House Corporations
House of Representatives
3/21/2025
Scheduled for hearing and/or consideration (03/25/2025)
House of Representatives
3/25/2025
Committee recommended measure be held for further study
House of Representatives
Status Information
Current Status
Introduced(2/7/2025)
Chamber
House of Representatives
Committee
Corporations(House of Representatives)
Sponsors
Democrat: 4
Republican: 1
Primary Sponsor
Samuel Azzinaro
Democrat