§ 27-17-9 - Contingent reserve. - Rhode Island Statutes

SECTION 27-17-9

   § 27-17-9  Contingent reserve. – In addition to the reserves provided for in §§ 27-17-7 and 27-17-10,there shall also be maintained at all times by the exchange, as assets, acontingent reserve in cash or securities as stated in § 27-17-7 of notless than the amount of minimum capital required of a stock insurance companyincorporated under the law of any other state of the United States to do thekind or kinds of insurance which the exchange is authorized to write under§ 27-17-1.