§ 27-11.1-1 - Maximum investments in real property. - Rhode Island Statutes

SECTION 27-11.1-1

   § 27-11.1-1  Maximum investments in realproperty. – No domestic insurance company shall purchase, lease, hold, or improve any realproperty if the cost or value of the property, or the cost of the improvementson it, or all of them on the date of the purchase, lease, or acquisition, plusthe book value on that date of all real property held by the company, exceedstwenty percent (20%) of its admitted assets.