Before being licensed to do insurance business in this state, a title insurer shall establish and maintain a minimum paid-in capital of not less than five hundred thousand dollars ($500,000) and, in addition, paid-in initial surplus of at least five hundred thousand dollars ($500,000).
R.I. Gen. Laws § 27-2.6-7
Minimum capital and surplus requirements
Known as the Rhode Island Title Insurers Act
The act spans §§ 27–27 (21 sections).
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.
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.