§ 27-17-10 - Claim or loss reserve. - Rhode Island Statutes

SECTION 27-17-10

   § 27-17-10  Claim or loss reserve. –There shall also be maintained at all times in the hands of the attorney, as aclaim or loss reserve, in cash or securities as stated in § 27-17-7,assets sufficient to discharge all liabilities on all outstanding or accruedlosses arising under policies issued, which are to be calculated in accordancewith the laws of this state relating to similar reserves for companies insuringsimilar risks.