R.I. Gen. Laws § 27-11.1-3

Current through 2024 Public Law 24

Section 27-11.1-3 - Maximum investments in investments currently reported in Schedule BA of the annual statement blank

A domestic insurance company may invest in those assets, which are currently reported in Schedule BA of its annual statement; provided, that those investments do not exceed in the aggregate ten percent (10%) of the company's admitted assets. Those investments may include, but are not limited to, the following types of investments:

(1) All loans on or investments in oil and gas production payments;

(2) All transportation equipment;

(3) Timber deeds;

(4) Mineral rights carried as admitted assets;

(5) Motor vehicle trust certificates; and

(6) Any other class of admitted investment not clearly includible in other statement schedules.

R.I. Gen. Laws § 27-11.1-3

P.L. 1984, ch. 170, § 1.