Rhode Island § 27-1-42 § 27-1-42. Maximum amount of single risk.

Rhode Island Statutes

§ 27-1-42 — § 27-1-42. Maximum amount of single risk.

Rhode Island § 27-1-42

Title 27Insurance

Ch. 27-1Domestic Insurance Companies

This text of Rhode Island § 27-1-42 (§ 27-1-42. Maximum amount of single risk.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-1-42 (2026).

Text

§ 27-1-42. Maximum amount of single risk.
No company organized under the laws of this state, other than a life insurance company,
            shall incur in any one risk a greater hazard than one-tenth (â…’) part of its capital
            and surplus if a stock company or of its net assets if a mutual company. Any risk
            incurred on or before June 18, 1991, that is not in compliance with the provisions
            in this section shall not be subject to the established limitations.
         

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§ 27-1-42. Maximum amount of single risk.

No company organized under the laws of this state, other than a life insurance company, shall incur in any one risk a greater hazard than one-tenth (â…’) part of its capital and surplus if a stock company or of its net assets if a mutual company. Any risk incurred on or before June 18, 1991, that is not in compliance with the provisions in this section shall not be subject to the established limitations.