§ 27-11.1-5. Investment in collateral loans.
A domestic insurance company may invest in collateral loans, provided, that the collateral loans invested in by the company shall not exceed in the aggregate ten percent (10%) of the domestic insurance company’s admitted assets.
History of Section.P.L. 1984, ch. 170, § 1; P.L. 1991, ch. 348, § 6.
Structure Rhode Island General Laws
Chapter 27-11.1 - Investments by Domestic Insurance Companies
Section 27-11.1-1. - Maximum investments in real property.
Section 27-11.1-2. - Maximum investments in mortgage loans.
Section 27-11.1-4. - Maximum investments in affiliated or subsidiary companies.
Section 27-11.1-5. - Investment in collateral loans.
Section 27-11.1-6. - Applicability.