Rhode Island § 27-16-10 § 27-16-10. Security or certificate required before defensive pleadings.

Rhode Island Statutes

§ 27-16-10 — § 27-16-10. Security or certificate required before defensive pleadings.

Rhode Island·Title 27 Insurance·Ch. 27-16 Unauthorized Insurance Business

§ 27-16-10. Security or certificate required before defensive pleadings.
Before any unauthorized foreign or alien insurer shall file or cause to be filed any
            pleading in any action, suit, or proceeding instituted against it, the unauthorized
            insurer shall deposit with the clerk of the court in which the action, suit, or proceeding
            is pending, cash or securities, or file with the clerk a bond with good and sufficient
            sureties, to be approved by the court, in an amount to be fixed by the court sufficient
            to secure the payment of any final judgment which may be rendered in the action, or
            procure a certificate of authority to transact the business of in

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§ 27-16-10. Security or certificate required before defensive pleadings.

Before any unauthorized foreign or alien insurer shall file or cause to be filed any pleading in any action, suit, or proceeding instituted against it, the unauthorized insurer shall deposit with the clerk of the court in which the action, suit, or proceeding is pending, cash or securities, or file with the clerk a bond with good and sufficient sureties, to be approved by the court, in an amount to be fixed by the court sufficient to secure the payment of any final judgment which may be rendered in the action, or procure a certificate of authority to transact the business of insurance in this state.

Rhode Island § 27-16-10 (§ 27-16-10. Security or certificate required before defensive pleadings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.