Rhode Island § 35-10.1-8 § 35-10.1-8. Insurance.

Rhode Island Statutes

§ 35-10.1-8 — § 35-10.1-8. Insurance.

Rhode Island § 35-10.1-8

Title 35Public Finance

Ch. 35-10.1Collateralization of Public Deposits

This text of Rhode Island § 35-10.1-8 (§ 35-10.1-8. Insurance.) 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 § 35-10.1-8 (2026).

Text

§ 35-10.1-8. Insurance.
At its option, a depository institution may elect to purchase insurance for one hundred
            percent (100%) of any public deposit not covered by federal deposit insurance or secured
            pursuant to this chapter; provided, that this insurance is provided by an insurer
            rated "AAAâ€� by standard & poor's corporation, moody's investors service, or both.
            This insurance may be provided in lieu of, but shall not be required in addition to,
            collateral otherwise required pursuant to this chapter.
         

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§ 35-10.1-8. Insurance.

At its option, a depository institution may elect to purchase insurance for one hundred percent (100%) of any public deposit not covered by federal deposit insurance or secured pursuant to this chapter; provided, that this insurance is provided by an insurer rated "AAAâ€� by standard & poor's corporation, moody's investors service, or both. This insurance may be provided in lieu of, but shall not be required in addition to, collateral otherwise required pursuant to this chapter.