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R.I. Gen. Laws § 27-17-22

Maximum liability on policy

P.L. 1952, ch. 3003, § 14; G.L. 1956, § 27-17-22.

No reciprocal exchange or interinsurer shall issue or deliver any policy insuring property or interests in this state, the liability on which shall exceed an amount equivalent to ten percent (10%) of its surplus, unless the excess of liability over the ten percent (10%) is reinsured in a company that maintains financial standards at least equal to those required by the laws of this state.

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.