Title 27 · RI
Title 27Insurance
Citation: R.I. Gen. Laws § 27-1-42
Section: 27-1-42
Title 27Insurance
Chapter 1Domestic Insurance Companies
R.I. Gen. Laws § 27-1-42
§ 27-1-42. Maximum amount of single risk.
No company organized under the laws of this state, other than a life insurance company, shall incur in any one risk a greater hazard than one-tenth (â ) part of its capital and surplus if a stock company or of its net assets if a mutual company. Any risk incurred on or before June 18, 1991, that is not in compliance with the provisions in this section shall not be subject to the established limitations.
History of Section.P.L. 1991, ch. 348, § 2.