Title 27

Chapter 2.6
Rhode Island Title Insurers Act

R.I. Gen. Laws § 27-2.6-8

§ 27-2.6-8. Admitted asset standards.

In determining the financial condition of a title insurer doing business under this chapter, the investment provisions of chapters 11 and 11.1 of this title shall apply, except that an investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers. The aggregate amount of the investment shall not exceed the lesser of twenty percent (20%) of admitted assets or forty percent (40%) of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the commissioner.

History of Section.
P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.