§ 27-2.6-7 — § 27-2.6-7. Minimum capital and surplus requirements.

Rhode Island § 27-2.6-7

• Jurisdiction: Rhode Island
• Title 27: Insurance
• Ch. 27-2.6: Rhode Island Title Insurers Act

Text

§ 27-2.6-7. Minimum capital and surplus requirements.

Before being licensed to do insurance business in this state, a title insurer shall establish and maintain a minimum paid-in capital of not less than five hundred thousand dollars ($500,000) and, in addition, paid-in initial surplus of at least five hundred thousand dollars ($500,000).

Legislative History

P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.