Insurance Bulletin 2024-03: Use of Artificial Intelligence Systems by Insurers (Rhode Island adoption of the NAIC Model Bulletin)

Summary

The state insurance regulator has issued a bulletin, based on the NAIC Model Bulletin on the Use of AI Systems by Insurers, reminding insurers that decisions affecting consumers that are made or supported by AI systems must comply with existing insurance law, including unfair trade practice and unfair discrimination law. Rhode Island's Department of Business Regulation, Insurance Division, issued Insurance Bulletin 2024-03 on March 15, 2024. It sets the Department's expectations for how insurers govern the development, acquisition and use of AI systems, including oversight of third-party data and systems, and describes the information the Department may request during an investigation or examination. This record covers that sectoral guidance; whether the state has a general AI statute was not re-read in this check.

Key dates

1. March 15, 2024 (date of issue)Takes effect
2. October 16, 2026Checked against sources
3. October 21, 2026Checked against sources

Developments are added when the record is reviewed. Next review: January 15, 2027.

Evidence

Each passage is quoted from its source. The quoted passages are re-checked against the live pages every month.

1. This bulletin sets forth the Department's expectations as to how Insurers will govern the development/acquisition and use of certain AI technologies, including the AI Systems described herein.

   Supports: Bulletin's purpose and scope

   Elizabeth Kelleher Dwyer Superintendent of Insurance March 15, 2024

   Supports: Date of issue

   Insurance Bulletin Number 2024-03: Use of Artificial Intelligence Systems by Insurers Rhode Island Department of Business Regulation, Insurance Division Primary source

2. Rhode Island: Insurance Bulletin No. 2024-03 – March 15, 2024 Vermont: Insurance Bulletin No. 229 – March 12, 2024

   Supports: Listed among states issuing guidance substantially similar to the NAIC Model Bulletin in 2024

   Locke Lord QuickStudy: Artificial Intelligence State Insurance Regulation, a Year in Review Troutman Pepper Locke Reporting or analysis