Rhode Island § 27-11-1 § 27-11-1. Power of life insurance company to acquire and hold property.

Rhode Island Statutes

§ 27-11-1 — § 27-11-1. Power of life insurance company to acquire and hold property.

Rhode Island § 27-11-1

Title 27Insurance

Ch. 27-11Investment in Real Estate

This text of Rhode Island § 27-11-1 (§ 27-11-1. Power of life insurance company to acquire and hold property.) 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 § 27-11-1 (2026).

Text

§ 27-11-1. Power of life insurance company to acquire and hold property.
Any life insurance company incorporated under a charter granted by the general assembly
            of this state and any life insurance company incorporated under a charter or the laws
            of any other state in the United States of America which is empowered to engage in
            the business of making insurance upon lives, and which has complied with or shall
            comply with the requirements of chapter 2 of this title to engage in the life insurance
            business in this state, may and is authorized to invest in, purchase, lease, or acquire
            by gift or otherwise, and hold without any limitation of time, any re

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§ 27-11-1. Power of life insurance company to acquire and hold property.

Any life insurance company incorporated under a charter granted by the general assembly of this state and any life insurance company incorporated under a charter or the laws of any other state in the United States of America which is empowered to engage in the business of making insurance upon lives, and which has complied with or shall comply with the requirements of chapter 2 of this title to engage in the life insurance business in this state, may and is authorized to invest in, purchase, lease, or acquire by gift or otherwise, and hold without any limitation of time, any real property or any interest in the property, in this state, and may use that property, and any other real property owned, held, or leased by it, for a housing project or projects designed to provide accommodations for ten (10) or more families or for any other investment or income-producing purposes.