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·Title 27 Insurance·Ch. 27-17 Reciprocal Exchanges and Interinsurers

§ 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.
         

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§ 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.

Rhode Island § 27-17-10 (§ 27-17-10. Claim or loss reserve.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.