§ 27-1-8. Return of deposit on termination of business.
Whenever any insurance company which has deposited stocks or other securities with the general treasurer desires to relinquish its business, the general treasurer shall, on application of the company, under the oath of the president or principal officer and secretary, give notice of that intention in two (2) newspapers published in this state, to be inserted at least twice a week for six (6) months. After the publication, the general treasurer, on being satisfied by an examination of the books and of the officers of the company under oath that all of its debts and liabilities are paid or extinguished upon any contract or agreement, shall deliver up to the company from whom the general treasurer received the securities, the stocks or other securities held by the general treasurer belonging to the company.
History of Section.G.L. 1896, ch. 181, § 20; G.L. 1909, ch. 219, § 20; G.L. 1923, ch. 255, § 20; G.L. 1938, ch. 150, § 19; G.L. 1956, § 27-1-8.
Structure Rhode Island General Laws
Chapter 27-1 - Domestic Insurance Companies
Section 27-1-1. - Site of principal office and records.
Section 27-1-1.1. - Telephone number — Toll free or collect.
Section 27-1-2. - Special stockholders’ meetings — Notice — Quorum.
Section 27-1-2.1. - Corporate governance standards.
Section 27-1-3. - Stock assessments to meet deficits.
Section 27-1-4. - Power of companies to comply with tax and license laws not held invalid.
Section 27-1-5. - Deposits with general treasurer to comply with laws of other states.
Section 27-1-6. - Holding of deposits — Income — Replacement.
Section 27-1-7. - Certificate of deposits.
Section 27-1-8. - Return of deposit on termination of business.
Section 27-1-9. - Examinations to ascertain market value of securities deposited — Deficiencies.
Section 27-1-10. - State not liable for deposits.
Section 27-1-11. - Visitation and examination of insurance companies.
Section 27-1-12. - Summons of witnesses — Obstruction or refusal to testify.
Section 27-1-13. - Citation for forfeiture of charter for unsafe practices.
Section 27-1-14. - Decree of forfeiture — Receiver.
Section 27-1-15. - Collection and distribution of assets by receiver — Reinsurance.
Section 27-1-16. - Powers of receiver — Removal and control by court.
Section 27-1-16.1. - Sale by receiver of charter and licenses.
Section 27-1-16.2. - Court approved settlements.
Section 27-1-17. - Stay of executions and process against company.
Section 27-1-18. - Limited injunction without receivership.
Section 27-1-19. - Declaration of forfeiture.
Section 27-1-20. - Temporary injunction.
Section 27-1-21. - Failure to deliver property or records to receiver.
Section 27-1-22. - Assessments by receiver of mutual company.
Section 27-1-24. - Meetings to approve reorganization plan — Filing of approved plan.
Section 27-1-25. - Decree approving reorganization plan — Binding effect.
Section 27-1-26. - Principles for classification of creditors and stockholders.
Section 27-1-27. - Severability.
Section 27-1-29. - Reports of directors, officers, and principal shareholders.
Section 27-1-30. - Liability of directors, officers, and shareholders.
Section 27-1-31. - Prohibited sales of securities.
Section 27-1-32. - Exempted sales of dealers.
Section 27-1-33. - Exempted arbitrage transactions.
Section 27-1-34. - Definitions.
Section 27-1-35. - Companies not subject to securities regulations.
Section 27-1-36. - Regulations of “insider trading”.
Section 27-1-37. - Minimum capital and surplus requirement — Charters.
Section 27-1-38. - Acquisition of minority interests in subsidiary insurers.
Section 27-1-39. - Discrimination in rates prohibited.
Section 27-1-40. - Conversion to stock form of organization.
Section 27-1-40.1. - Mutual insurance holding companies.
Section 27-1-42. - Maximum amount of single risk.
Section 27-1-43. - Applicability.