§ 27-17-10 Claim or loss reserve.
There shall also be maintained at all times in the hands of the attorney, as a claim or loss reserve, in cash or securities as stated in § 27-17-7, assets sufficient to discharge all liabilities on all outstanding or accrued losses arising under policies issued, which are to be calculated in accordance with the laws of this state relating to similar reserves for companies insuring similar risks.
(P.L. 1952, ch. 3003, § 6; G.L. 1956, § 27-17-10.)