§ 27-33-5. Reimbursement of the secretary.
The fund shall reimburse the secretary in an amount up to five percent (5%) of the aggregate property insurance premiums earned in this state during the calendar year immediately preceding the calendar year, with respect to which the secretary paid losses on lines of insurance reinsured by him or her in this state during that year, and for which he or she claims reimbursement from the fund in accordance with the Act.
History of Section.P.L. 1969, ch. 211, § 1.
Structure Rhode Island General Laws
Chapter 27-33 - Federal Riot Reinsurance Reimbursement Fund
Section 27-33-2. - Participation.
Section 27-33-3. - Inspection and statements.
Section 27-33-4. - Creation of fund.
Section 27-33-5. - Reimbursement of the secretary.
Section 27-33-6. - Post assessment funding.
Section 27-33-7. - Authorization of payment.
Section 27-33-8. - Insolvency.
Section 27-33-9. - Alternate preassessment funding.