Rhode Island § 27-17-22 § 27-17-22. Maximum liability on policy.

Rhode Island Statutes

§ 27-17-22 — § 27-17-22. Maximum liability on policy.

Rhode Island § 27-17-22

Title 27Insurance

Ch. 27-17Reciprocal Exchanges and Interinsurers

This text of Rhode Island § 27-17-22 (§ 27-17-22. Maximum liability on policy.) 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 § 27-17-22 (2026).

Text

§ 27-17-22. Maximum liability on policy.
No reciprocal exchange or interinsurer shall issue or deliver any policy insuring
            property or interests in this state, the liability on which shall exceed an amount
            equivalent to ten percent (10%) of its surplus, unless the excess of liability over
            the ten percent (10%) is reinsured in a company that maintains financial standards
            at least equal to those required by the laws of this state.
         

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§ 27-17-22. Maximum liability on policy.

No reciprocal exchange or interinsurer shall issue or deliver any policy insuring property or interests in this state, the liability on which shall exceed an amount equivalent to ten percent (10%) of its surplus, unless the excess of liability over the ten percent (10%) is reinsured in a company that maintains financial standards at least equal to those required by the laws of this state.