§ 27-1-7 - Certificate of deposits. - Rhode-island Statutes

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Statutes > Rhode-island > Title-27 > Chapter-27-1 > 27-1-7

SECTION 27-1-7

§ 27-1-7 Certificate of deposits. –Whenever any insurance company has deposited the requisite stocks or othersecurities in conformity with the laws of the state in which the company isdesirous of transacting business, the general treasurer shall furnish thecompany at its expense a certificate under seal of the deposit for each statewhich shall require the deposit, which certificate shall embrace the items ofsecurity and the amount of each deposited, and shall state that the generaltreasurer is satisfied that the stocks are of the market value represented, butno stocks or other securities deposited in this manner shall be withdrawnexcept as provided in § 27-1-6.

State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-1 > 27-1-7

SECTION 27-1-7

§ 27-1-7 Certificate of deposits. –Whenever any insurance company has deposited the requisite stocks or othersecurities in conformity with the laws of the state in which the company isdesirous of transacting business, the general treasurer shall furnish thecompany at its expense a certificate under seal of the deposit for each statewhich shall require the deposit, which certificate shall embrace the items ofsecurity and the amount of each deposited, and shall state that the generaltreasurer is satisfied that the stocks are of the market value represented, butno stocks or other securities deposited in this manner shall be withdrawnexcept as provided in § 27-1-6.

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State Codes and Statutes

Statutes > Rhode-island > Title-27 > Chapter-27-1 > 27-1-7

SECTION 27-1-7

§ 27-1-7 Certificate of deposits. –Whenever any insurance company has deposited the requisite stocks or othersecurities in conformity with the laws of the state in which the company isdesirous of transacting business, the general treasurer shall furnish thecompany at its expense a certificate under seal of the deposit for each statewhich shall require the deposit, which certificate shall embrace the items ofsecurity and the amount of each deposited, and shall state that the generaltreasurer is satisfied that the stocks are of the market value represented, butno stocks or other securities deposited in this manner shall be withdrawnexcept as provided in § 27-1-6.