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§27-2.6-7  Minimum capital and surplus requirements. –

Published: 2015

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CHAPTER 27-2.6

Rhode Island Title Insurers Act

SECTION 27-2.6-7

   § 27-2.6-7  Minimum capital and surplus

requirements. –

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).

History of Section.

(P.L. 2010, ch. 58, § 1; P.L. 2010, ch. 66, § 1.)