2012 Rhode Island General Laws
Title 27 - Insurance
Chapter 27-11.1 - Investments by Domestic Insurance Companies
Chapter 27-11.1-1 - Maximum investments in real property.
§ 27-11.1-1 Maximum investments in real property. – No domestic insurance company shall purchase, lease, hold, or improve any real property if the cost or value of the property, or the cost of the improvements on it, or all of them on the date of the purchase, lease, or acquisition, plus the book value on that date of all real property held by the company, exceeds twenty percent (20%) of its admitted assets.
History of Section.
(P.L. 1984, ch. 170, § 1.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
