Rhode Island § 27-17-10 § 27-17-10. Claim or loss reserve.

Rhode Island Statutes

§ 27-17-10 — § 27-17-10. Claim or loss reserve.

Rhode Island § 27-17-10

Title 27Insurance

Ch. 27-17Reciprocal Exchanges and Interinsurers

This text of Rhode Island § 27-17-10 (§ 27-17-10. Claim or loss reserve.) 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 § 27-17-10 (2026).

Text

§ 27-17-10. Claim or loss reserve.
There shall also be maintained at all times in the hands of the attorney, as a claim
            or loss reserve, in cash or securities as stated in § 27-17-7, assets sufficient to discharge all liabilities on all outstanding or accrued losses
            arising under policies issued, which are to be calculated in accordance with the laws
            of this state relating to similar reserves for companies insuring similar risks.
         

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-17-10. Claim or loss reserve.

There shall also be maintained at all times in the hands of the attorney, as a claim or loss reserve, in cash or securities as stated in § 27-17-7, assets sufficient to discharge all liabilities on all outstanding or accrued losses arising under policies issued, which are to be calculated in accordance with the laws of this state relating to similar reserves for companies insuring similar risks.