Rhode Island § 27-17-9 § 27-17-9. Contingent reserve.

Rhode Island Statutes

§ 27-17-9 — § 27-17-9. Contingent reserve.

Rhode Island § 27-17-9

Title 27Insurance

Ch. 27-17Reciprocal Exchanges and Interinsurers

This text of Rhode Island § 27-17-9 (§ 27-17-9. Contingent 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 § 27-17-9 (2026).

Text

§ 27-17-9. Contingent reserve.
In addition to the reserves provided for in §§ 27-17-7 and 27-17-10, there shall also be maintained at all times by the exchange, as assets, a contingent
            reserve in cash or securities as stated in § 27-17-7 of not less than the amount of minimum capital required of a stock insurance company
            incorporated under the law of any other state of the United States to do the kind
            or kinds of insurance that the exchange is authorized to write under § 27-17-1.
         

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

§ 27-17-9. Contingent reserve.

In addition to the reserves provided for in §§ 27-17-7 and 27-17-10, there shall also be maintained at all times by the exchange, as assets, a contingent reserve in cash or securities as stated in § 27-17-7 of not less than the amount of minimum capital required of a stock insurance company incorporated under the law of any other state of the United States to do the kind or kinds of insurance that the exchange is authorized to write under § 27-17-1.