---
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: "SB 980"
citation: "Rhode Island SB 980 (2021)"
classification: ["bill"]
subjects: ["Finance", "Insurance"]
status: "enacted"
primary_sponsors: ["Picard"]
version_count: 1
action_count: 9
vote_count: 3
first_action: "2021-06-25"
last_action: "2021-07-08"
source: "openstates"
source_identifier: "ocd-bill/c86a1348-9562-46b8-9fe6-8e063b763930"
source_url: "https://status.rilegislature.gov/"
source_hash: "c65d807fa17f09cca7d109f8a1e1b8ff04f596ff7c7da69e801a725fcc324561"
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 980 (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. **980 as amended** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText21/SenateText21/S0980aa.pdf)

## Votes

- Passage as Amended — **38–0** (pass) · upper
- IN CONCURRENCE — **68–0** (pass) · upper
- Approval of Amendment — **34–0** (pass) · upper

## Sponsors

- Picard — primary (person)

## Timeline

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

- **2021-06-25** 06/25/2021 Introduced, referred to Senate Commerce `introduction, 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 `committee-passage-favorable`
- **2021-06-28** 06/28/2021 Placed on Senate Calendar (06/30/2021)
- **2021-06-30** 06/30/2021 Senate passed 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 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/c86a1348-9562-46b8-9fe6-8e063b763930`. Confidence: reported (aggregated from official Rhode Island legislature records).