---
type: "Bill"
title: "AN ACT RELATING TO INSURANCE -- VOLUNTARY RESTRUCTURING OF SOLVENT INSURERS (Allows domestic insurance company to enter into a voluntary restructuring, including the use of a protected cell, with the approval of the commissioner.)"
description: "AN ACT RELATING TO INSURANCE -- VOLUNTARY RESTRUCTURING OF SOLVENT INSURERS (Allows domestic insurance company to enter into a voluntary restructuring, including the use of a protected cell, with the approval of the commissioner.)"
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2018"
identifier: "SB 3008"
citation: "Rhode Island SB 3008 (2018)"
classification: ["bill"]
subjects: ["Insurance"]
status: "enacted"
primary_sponsors: ["Picard"]
version_count: 1
action_count: 6
vote_count: 2
first_action: "2018-06-23"
last_action: "2018-07-02"
source: "openstates"
source_identifier: "ocd-bill/f9e75dba-4c42-4bf9-83b3-f7f579568302"
source_url: "http://status.rilin.state.ri.us/"
source_hash: "65a27af805b931d391250ecdcf337af1c67bf82d2d8c02a9df732973b72fdd30"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ri"]
---

# Rhode Island SB 3008 (2018) — AN ACT RELATING TO INSURANCE -- VOLUNTARY RESTRUCTURING OF SOLVENT INSURERS (Allows domestic insurance company to enter into a voluntary restructuring, including the use of a protected cell, with the approval of the commissioner.)

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **3008** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText18/SenateText18/S3008.pdf)

## Votes

- Passage — **27–0** (pass) · upper
- IN CONCURRENCE — **53–0** (pass) · upper

## Sponsors

- Picard — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-06-23** 06/23/2018 Placed on Senate Calendar (06/23/2018)
- **2018-06-23** 06/23/2018 Senate read and passed `passage`
- **2018-06-23** 06/23/2018 Placed on House Calendar (06/23/2018)
- **2018-06-23** 06/23/2018 House passed in concurrence `passage`
- **2018-07-02** 07/02/2018 Transmitted to Governor `executive-receipt`
- **2018-07-02** 07/02/2018 Signed by Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f9e75dba-4c42-4bf9-83b3-f7f579568302`. Confidence: reported (aggregated from official Rhode Island legislature records).