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Rhode Island General Laws Title 35. Public Finance § 35-10.1-8. Insurance

Current as of January 01, 2024 | Updated by Findlaw Staff

At its option, a depository institution may elect to purchase insurance for one hundred percent (100%) of any public deposit not covered by federal deposit insurance or secured pursuant to this chapter; provided, that this insurance is provided by an insurer rated “AAA” by Standard & Poor's Corporation, Moody's Investors Service, or both. This insurance may be provided in lieu of, but shall not be required in addition to, collateral otherwise required pursuant to this chapter.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 35. Public Finance § 35-10.1-8. Insurance - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-35-public-finance/ri-gen-laws-sect-35-10-1-8/

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