Mutual membership not acquired by reinsurance

R.I. Gen. Laws § 27-5-13., under Chapter 27-5 Fire Insurance Policies and Reserves.

R.I. Gen. Laws § 27-5-13.

Any mutual company of this or any other state ceding reinsurance to a similar company shall not, unless the contract of reinsurance provides, become a member of the company accepting the reinsurance, or be entitled to any dividend or expiration return of premium or of unabsorbed premium deposit, or be subject to liability to assessment.