TITLE 27
Insurance

CHAPTER 27-5
Fire Insurance Policies and Reserves

SECTION 27-5-28


§ 27-5-28 Maximum single risk insured.

No company doing business under §§ 27-5-15 – 27-5-31 shall insure any larger amount upon any single risk than is permitted by law to a company possessing the same amount of capital irrespective of the fund provided for in this chapter.

History of Section.
(P.L. 1907, ch. 1438, § 9; G.L. 1909, ch. 219, § 34; P.L. 1919, ch. 1783, § 1; G.L. 1923, ch. 255, § 34; G.L. 1938, ch. 150, § 33; G.L. 1956, § 27-5-28.)