Rhode Island General Laws 27-17-3. Execution by attorney – Office in state
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The contracts shall be executed by an attorney in fact, designated in this chapter as “attorney”, duly authorized and acting for the subscribers, and the attorney may be a foreign corporation. An office or offices of the attorney, referred to in this chapter as a reciprocal exchange or interinsurer, acting for subscribers in issuing contracts or policies insuring property or interests in this state, shall be maintained in this state.
History of Section.
P.L. 1952, ch. 3003, § 2; G.L. 1956, § 27-17-3.
Terms Used In Rhode Island General Laws 27-17-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.