§ 27-1-42 - Maximum amount of single risk.
SECTION 27-1-42
§ 27-1-42 Maximum amount of single risk.– No company organized under the laws of this state, other than a life insurancecompany, shall incur in any one risk a greater hazard than one-tenth ( 1/10)part of its capital and surplus if a stock company or of its net assets if amutual company. Any risk incurred on or before June 18, 1991, which is not incompliance with the provisions in this section shall not be subject to theestablished limitations.