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

Rhode Island Statutes

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

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

§ 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.
         

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§ 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.

Rhode Island § 27-17-9 (§ 27-17-9. Contingent reserve.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.