Rhode Island § 27-1.1-9 § 27-1.1-9. Asset or deduction from liability.

Rhode Island Statutes

§ 27-1.1-9 — § 27-1.1-9. Asset or deduction from liability.

Rhode Island § 27-1.1-9

Title 27Insurance

Ch. 27-1.1Credit for Reinsurance Act

This text of Rhode Island § 27-1.1-9 (§ 27-1.1-9. Asset or deduction from liability.) 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 § 27-1.1-9 (2026).

Text

§ 27-1.1-9. Asset or deduction from liability.
No credit shall be allowed as an admitted asset or as a deduction from liability to
            any ceding company for reinsurance unless the reinsurance is payable by the assuming
            company on the basis of the liability of the ceding company under the contract or
            contracts reinsured without diminution because of the insolvency of the ceding company.
         

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§ 27-1.1-9. Asset or deduction from liability.

No credit shall be allowed as an admitted asset or as a deduction from liability to any ceding company for reinsurance unless the reinsurance is payable by the assuming company on the basis of the liability of the ceding company under the contract or contracts reinsured without diminution because of the insolvency of the ceding company.