Rhode Island § 27-5-19 § 27-5-19. Certification that funds equal capital stock — Subsequent additions.

Rhode Island Statutes

§ 27-5-19 — § 27-5-19. Certification that funds equal capital stock — Subsequent additions.

Rhode Island § 27-5-19

Title 27Insurance

Ch. 27-5Fire Insurance Policies and Reserves

This text of Rhode Island § 27-5-19 (§ 27-5-19. Certification that funds equal capital stock — Subsequent additions.) 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 § 27-5-19 (2026).

Text

§ 27-5-19. Certification that funds equal capital stock — Subsequent additions.
Whenever any company notifies the insurance commissioner that it has fulfilled the
            requirements already expressed in this chapter, and that its guaranty surplus fund
            and its special reserve fund taken together equal its capital stock, the commissioner
            shall make an examination of the company and make a certificate of the result and
            file the certificate in the commissioner's office. If the commissioner finds that
            the combined funds equal the capital stock of the company, after this the company
            may continue, out of any subsequent profits of its business, to add to those fu

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§ 27-5-19. Certification that funds equal capital stock — Subsequent additions.

Whenever any company notifies the insurance commissioner that it has fulfilled the requirements already expressed in this chapter, and that its guaranty surplus fund and its special reserve fund taken together equal its capital stock, the commissioner shall make an examination of the company and make a certificate of the result and file the certificate in the commissioner's office. If the commissioner finds that the combined funds equal the capital stock of the company, after this the company may continue, out of any subsequent profits of its business, to add to those funds; provided, that whenever any addition is made to the special reserve fund, an equal sum shall be carried to the guaranty surplus fund.

Legislative History

P.L. 1907, ch. 1438, § 4; G.L. 1909, ch. 219, § 29; G.L. 1923, ch. 255, § 29; G.L. 1938, ch. 150, § 28; impl. am. P.L. 1953, ch. 3174, § 5; G.L. 1956, § 27-5-19.