§ 27-5-21 - Deposit of special reserve fund. - Rhode Island Statutes

SECTION 27-5-21

   § 27-5-21  Deposit of special reserve fund.– The special reserve fund shall be invested according to existing laws relatingto investments of capital by fire insurance companies, and shall be depositedas the fund shall accumulate and be invested, with the insurance commissionerof the state, who shall permit the company depositing the fund to changedeposits by substituting for those withdrawn others of equal amount and value,and to collect and receive the interest or dividends upon those securities asthe interest or dividends may accrue. The fund shall not be regarded as anypart of the assets in possession of the company, so as to be or render thecompany liable for any claim for loss by fire or except as provided in thischapter.