§ 45-41-2 - Amount of fund.
SECTION 45-41-2
§ 45-41-2 Amount of fund. – Self insurance funds may be established to insure the assets and liabilities ofa city or town, not otherwise insured, to the extent determined by the city ortown councils; provided, that these funds not exceed five percent (5%) of thetotal assessed valuation of real estate and tangible personal property in thecities or towns.