Rhode Island General Laws 27-11.1-5. Investment in collateral loans
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A domestic insurance company may invest in collateral loans, provided, that the collateral loans invested in by the company shall not exceed in the aggregate ten percent (10%) of the domestic insurance company’s admitted assets.
History of Section.
P.L. 1984, ch. 170, § 1; P.L. 1991, ch. 348, § 6.
Terms Used In Rhode Island General Laws 27-11.1-5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.