TITLE 27
Insurance

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.)