In determining the financial condition of a title insurer doing business under this chapter, the Rhode Island general laws requiring the establishment of reserves sufficient to cover all known and unknown liabilities including allocated and unallocated loss adjustment expense, shall apply, except that a title insurer shall establish and maintain additional reserves in accordance with regulations promulgated by the insurance commissioner.
R.I. Gen. Laws § 27-2.6-9
Reserves
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.