There is a newer version of the Rhode Island General Laws
2009 Rhode Island Code
Title 45 - Towns and cities
CHAPTER 45-41 - Self Insuring Fund
§ 45-41-2 - Amount of fund.
SECTION 45-41-2
§ 45-41-2 Amount of fund. – Self insurance funds may be established to insure the assets and liabilities of a city or town, not otherwise insured, to the extent determined by the city or town councils; provided, that these funds not exceed five percent (5%) of the total assessed valuation of real estate and tangible personal property in the cities or towns.
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