# R.I. Gen. Laws § 27-1-5: Deposits with general treasurer to comply with laws of other states

> Rhode Island · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-5

## Section

- **Citation:** R.I. Gen. Laws § 27-1-5
- **Heading:** Deposits with general treasurer to comply with laws of other states
- **Jurisdiction:** Rhode Island
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** RI Code / Title 27 / Chapter 27-1 / Section 27-1-5

## Text

In all cases in which the laws of any other state of the United States now require and may subsequently require that the insurance companies incorporated by the laws of other states shall deposit, with some officer of the state in which the insurance company is incorporated, stocks or other securities in trust or for the benefit of policyholders of the companies as a condition for doing business in the other state, the general treasurer, or the general treasurer€™s custodian, shall receive from any insurance company incorporated under the laws of this state stocks or other securities, including mortgages insured and debentures issued by the federal housing administration and obligations of national mortgage associations, in an amount as may be required by the laws of the other state or states, on deposit and in trust for the benefit of the policyholders of the company. In the event the security required under this section is one that is maintained in the federal reserve book entry system or by the depository trust company book entry system or any similar entity, then the insurance company required to make the deposit shall designate the general treasurer as the pledgee of the security and provide written notification to the general treasurer identifying the security.

## Nearby sections

- [R.I. Gen. Laws § 27-1-1 § 27-1-1. Site of principal office and records.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-1.md)
- [R.I. Gen. Laws § 27-1-1.1 § 27-1-1.1. Telephone number €” Toll-free or collect.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-1.1.md)
- [R.I. Gen. Laws § 27-1-2 § 27-1-2. Special stockholders€™ meetings €” Notice €” Quorum.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-2.md)
- [R.I. Gen. Laws § 27-1-2.1 § 27-1-2.1. Corporate governance standards.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-2.1.md)
- [R.I. Gen. Laws § 27-1-3 § 27-1-3. Stock assessments to meet deficits.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-3.md)
- [R.I. Gen. Laws § 27-1-4 § 27-1-4. Power of companies to comply with tax and license laws not held invalid.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-4.md)
- [R.I. Gen. Laws § 27-1-5 § 27-1-5. Deposits with general treasurer to comply with laws of other states.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-5.md)
- [R.I. Gen. Laws § 27-1-6 § 27-1-6. Holding of deposits €” Income €” Replacement.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-6.md)
- [R.I. Gen. Laws § 27-1-7 § 27-1-7. Certificate of deposits.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-7.md)
- [R.I. Gen. Laws § 27-1-8 § 27-1-8. Return of deposit on termination of business.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-8.md)
- [R.I. Gen. Laws § 27-1-9 § 27-1-9. Examinations to ascertain market value of securities deposited €” Deficiencies.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-9.md)
- [R.I. Gen. Laws § 27-1-10 § 27-1-10. State not liable for deposits.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-10.md)
- [R.I. Gen. Laws § 27-1-11 § 27-1-11. Visitation and examination of insurance companies.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-11.md)
- [R.I. Gen. Laws § 27-1-12 § 27-1-12. Summons of witnesses €” Obstruction or refusal to testify.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-1_S27-1-5. Check the current official text before relying on it. Not legal advice.