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·Title 27 Insurance·Ch. 27-1 Domestic Insurance Companies

§ 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.

Rhode Island § 27-1-42 (§ 27-1-42. Maximum amount of single risk.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.