The civic record
Read. Follow. Verify.Rhode Island bill sets $500,000 minimum coverage for annuity benefits through insurance guaranty association
Last action · March 5, 2026: Introduced, referred to Senate CommerceSponsor: request)
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What This Bill Proposed
Rhode Island requires the state life and health insurance guaranty association to cover at least $500,000 in present value for , including net cash surrender and withdrawal values.
Changes the baseline financial protection for annuity holders by establishing a statutory minimum guarantee limit of $500,000 for covered policies if an insurer becomes insolvent.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Annuity holders
Guarantees a minimum coverage threshold of $500,000 in present value for their annuity benefits.
Rhode Island life and health insurance guarantee association
Mandated to meet the new $500,000 minimum coverage obligation for annuity benefits.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the minimum coverage required for annuity benefits under this measure?
Does the coverage include cash surrender and withdrawal values?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · introduced in the Senate.
Procedural history
1 action- Mar 5, 2026IntroducedIntroduced, referred to Senate Commerce
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
status.rilegislature.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 60)
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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