# R.I. Gen. Laws § 27-2-6.1: Special deposit for benefit of policyholders

> Rhode Island · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-6.1

## Section

- **Citation:** R.I. Gen. Laws § 27-2-6.1
- **Heading:** Special deposit for benefit of policyholders
- **Jurisdiction:** Rhode Island
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** RI Code / Title 27 / Chapter 27-2 / Section 27-2-6.1

## Text

(a) The insurance commissioner may require any insurance company, association, or society incorporated by or organized under the laws of any other state or government that seeks to make within this state any contract of insurance to make a special deposit as a condition to licensing. The special deposit shall be held in trust and on deposit for the benefit of all Rhode Island policyholders of the company, association, or society. The special deposit may be in any amount and form acceptable to the insurance commissioner. The special deposit shall be deposited with the insurance commissioner or with the general treasurer of this state.

(b) The special deposit shall be held exclusively for the benefit of the Rhode Island policyholders and claimants of the company, notwithstanding the source of the special deposit, and in any agreement entered pursuant to this section the insurer shall grant to the director an interest in the deposit to secure all present and future obligations of the insurer to the policyholders and claimants of the insurer in the state of Rhode Island. The director€™s interest shall continue until the insurer€™s obligations are fully satisfied or until the deposit is released by the director.

## Nearby sections

- [R.I. Gen. Laws § 27-2-1 § 27-2-1. Compliance by foreign insurance companies required.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-1.md)
- [R.I. Gen. Laws § 27-2-1.1 § 27-2-1.1. Telephone number €” Toll-free or collect.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-1.1.md)
- [R.I. Gen. Laws § 27-2-2 § 27-2-2. Applicability.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-2.md)
- [R.I. Gen. Laws § 27-2-3 § 27-2-3. Reciprocal privileges of nonresident insurance producers.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-3.md)
- [R.I. Gen. Laws § 27-2-4 § 27-2-4. Penalty for unlawful business.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-4.md)
- [R.I. Gen. Laws § 27-2-5 § 27-2-5. Minimum capital and surplus requirements €” Maximum amount of single risk.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-5.md)
- [R.I. Gen. Laws § 27-2-6 § 27-2-6. Certificate of deposit for benefit of policyholders.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-6.md)
- [R.I. Gen. Laws § 27-2-6.1 § 27-2-6.1. Special deposit for benefit of policyholders.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-6.1.md)
- [R.I. Gen. Laws § 27-2-7 § 27-2-7. Charter to be filed.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-7.md)
- [R.I. Gen. Laws § 27-2-8 § 27-2-8. Statement as to type of company, investments, and risks.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-8.md)
- [R.I. Gen. Laws § 27-2-9 § 27-2-9. Statement as to capital, assets, and investments.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-9.md)
- [R.I. Gen. Laws § 27-2-10 § 27-2-10. Filing of accident and health policy forms.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-10.md)
- [R.I. Gen. Laws § 27-2-11 § 27-2-11. License required €” Expiration date.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-11.md)
- [R.I. Gen. Laws § 27-2-12 § 27-2-12. Review of refusal to issue or renew license.](https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_RI_T27_C27-2_S27-2-6.1. Check the current official text before relying on it. Not legal advice.