---
type: "Bill"
title: "AN ACT RELATING TO INSURANCE -- FINANCIAL SERVICES (Updates the Credit for Reinsurance, Risk Based Capital and Insurance Holding Company statutes to the current National Association of Insurance Commissioners standard.)"
description: "AN ACT RELATING TO INSURANCE -- FINANCIAL SERVICES (Updates the Credit for Reinsurance, Risk Based Capital and Insurance Holding Company statutes to the current National Association of Insurance Commissioners standard.)"
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2021"
identifier: "HB 5780"
citation: "Rhode Island HB 5780 (2021)"
classification: ["bill"]
subjects: ["Dept. of Business Regulation", "Finance", "Insurance"]
status: "enacted"
primary_sponsors: ["Casey", "Kennedy", "Solomon"]
version_count: 1
action_count: 17
vote_count: 1
first_action: "2021-02-24"
last_action: "2021-07-08"
source: "openstates"
source_identifier: "ocd-bill/72927cef-4537-4f89-b84c-6bd8be9c4a3d"
source_url: "https://status.rilegislature.gov/"
source_hash: "329f2c1ecd0179489db2ff6af82400e1646a8842da911595388c5fd87599c2ba"
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 HB 5780 (2021) — AN ACT RELATING TO INSURANCE -- FINANCIAL SERVICES (Updates the Credit for Reinsurance, Risk Based Capital and Insurance Holding Company statutes to the current National Association of Insurance Commissioners standard.)

## Version chain

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

1. **5780 SUB A as amended** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText21/HouseText21/H5780Aaa.pdf)

## Votes

- PASSAGE — **69–0** (pass) · lower

## Sponsors

- Casey — primary (person)
- Kennedy — primary (person)
- Solomon — primary (person)

## Timeline

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

- **2021-02-24** 02/24/2021 Introduced, referred to House Corporations `introduction, referral-committee`
- **2021-03-19** 03/19/2021 Scheduled for hearing and/or consideration (03/23/2021)
- **2021-03-23** 03/23/2021 Committee recommended measure be held for further study
- **2021-06-04** 06/04/2021 Scheduled for consideration (06/08/2021)
- **2021-06-04** 06/04/2021 Proposed Substitute
- **2021-06-08** 06/08/2021 Committee recommends passage of Sub A `committee-passage-favorable`
- **2021-06-11** 06/11/2021 Placed on House Calendar (06/17/2021)
- **2021-06-17** 06/17/2021 House passed Sub A `passage`
- **2021-06-25** 06/25/2021 Referred to Senate Commerce `referral-committee`
- **2021-06-25** 06/25/2021 Scheduled for hearing and/or consideration (06/28/2021)
- **2021-06-28** 06/28/2021 Committee recommends passage of Sub A in concurrence `committee-passage-favorable`
- **2021-06-28** 06/28/2021 Placed on Senate Calendar (06/30/2021)
- **2021-06-30** 06/30/2021 Senate passed Sub A as amended (floor amendment) `passage`
- **2021-06-30** 06/30/2021 Placed on House Calendar (07/01/2021)
- **2021-07-01** 07/01/2021 House passed Sub A as amended in concurrence `passage`
- **2021-07-06** 07/06/2021 Transmitted to Governor `executive-receipt`
- **2021-07-08** 07/08/2021 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/72927cef-4537-4f89-b84c-6bd8be9c4a3d`. Confidence: reported (aggregated from official Rhode Island legislature records).