The bill amends Section 27-10.3-1 of the General Laws regarding the mandatory arbitration provision for motor vehicle liability insurance. It increases the threshold for claims that can be submitted to arbitration from fifty thousand dollars ($50,000) to one hundred thousand dollars ($100,000). This change allows plaintiffs to elect arbitration for claims at or below this new limit. The bill specifies that a plaintiff may, at their election, submit the matter to arbitration whenever the claim is for one hundred thousand dollars ($100,000) or less. The act is set to take effect upon passage.

Statutes affected:
3194: 27-10.3-1