No company organized under the laws of this state, other than a life insurance company, shall incur in any one risk a greater hazard than one-tenth (⅒) part of its capital and surplus if a stock company or of its net assets if a mutual company. Any risk incurred on or before June 18, 1991, that is not in compliance with the provisions in this section shall not be subject to the established limitations.
R.I. Gen. Laws § 27-1-42
Maximum amount of single risk
P.L. 1991, ch. 348, § 2.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.