TITLE 27
Insurance

CHAPTER 27-5
Fire Insurance Policies and Reserves

SECTION 27-5-20


§ 27-5-20 Investment of guaranty surplus fund – Liability to payment of losses.

The guaranty surplus fund shall be held and be invested by a state fire insurance company in the same manner as its capital stock and surplus accumulation may be held and be invested, and shall be liable and applicable in the same manner as the capital stock is to the payment generally of the losses of the company.

History of Section.
(P.L. 1907, ch. 1438, § 5; G.L. 1909, ch. 219, § 30; G.L. 1923, ch. 255, § 30; G.L. 1938, ch. 150, § 29; G.L. 1956, § 27-5-20.)