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2017 Rhode Island General Laws
Title 27 - Insurance
Chapter 27-33 - Federal Riot Reinsurance Reimbursement Fund
Section 27-33-8 - Insolvency.
Universal Citation: RI Gen L § 27-33-8 (2017)
§ 27-33-8. Insolvency.
In the event any insurer fails, by reason of insolvency, to pay any assessment, the fund shall cause the reimbursement ratios, computed under § 27-33-6, to be immediately recalculated, excluding from them the insolvent insurer, so that its assessment is in effect, assumed and redistributed among the remaining insurers.
History of Section.
(P.L. 1969, ch. 211, § 1.)
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