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Rhode Island General Laws Title 27. Insurance § 27-11.1-3. Maximum investments in investments currently reported in Schedule BA of the annual statement blank

Current as of January 01, 2022 | Updated by FindLaw Staff

A domestic insurance company may invest in those assets, which are currently reported in Schedule BA of its annual statement; provided, that those investments do not exceed in the aggregate ten percent (10%) of the company's admitted assets. Those investments may include, but are not limited to, the following types of investments:

(1) All loans on or investments in oil and gas production payments;

(2) All transportation equipment;

(3) Timber deeds;

(4) Mineral rights carried as admitted assets;

(5) Motor vehicle trust certificates; and

(6) Any other class of admitted investment not clearly includible in other statement schedules.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-11.1-3. Maximum investments in investments currently reported in Schedule BA of the annual statement blank - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-11-1-3/

Read this complete Rhode Island General Laws Title 27. Insurance § 27-11.1-3. Maximum investments in investments currently reported in Schedule BA of the annual statement blank on Westlaw

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