Rhode Island § 27-1-7 § 27-1-7. Certificate of deposits.

Rhode Island Statutes

§ 27-1-7 — § 27-1-7. Certificate of deposits.

Rhode Island § 27-1-7

Title 27Insurance

Ch. 27-1Domestic Insurance Companies

This text of Rhode Island § 27-1-7 (§ 27-1-7. Certificate of deposits.) 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 § 27-1-7 (2026).

Text

§ 27-1-7. Certificate of deposits.
Whenever any insurance company has deposited the requisite stocks or other securities
            in conformity with the laws of the state in which the company is desirous of transacting
            business, the general treasurer shall furnish the company at its expense a certificate
            under seal of the deposit for each state that shall require the deposit, which certificate
            shall embrace the items of security and the amount of each deposited, and shall state
            that the general treasurer is satisfied that the stocks are of the market value represented,
            but no stocks or other securities deposited in this manner shall be withdrawn except
     

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§ 27-1-7. Certificate of deposits.

Whenever any insurance company has deposited the requisite stocks or other securities in conformity with the laws of the state in which the company is desirous of transacting business, the general treasurer shall furnish the company at its expense a certificate under seal of the deposit for each state that shall require the deposit, which certificate shall embrace the items of security and the amount of each deposited, and shall state that the general treasurer is satisfied that the stocks are of the market value represented, but no stocks or other securities deposited in this manner shall be withdrawn except as provided in § 27-1-6.