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113 chapters · 1,575 sections in this title.
R.I. Gen. Laws § 45-41-1. Establishment of fund
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A city or town treasurer, with the advice and consent of his or her city or town council, is hereby authorized and empowered to create and establish a fund for the purpose of self insuring the city or town upon approval and funding by the legally empowered authority of the respec…
R.I. Gen. Laws § 45-41-2. Amount of fund
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Self insurance funds may be established to insure the assets and liabilities of a city or town, not otherwise insured, to the extent determined by the city or town councils; provided, that these funds not exceed five percent (5%) of the total assessed valuation of real estate and…
R.I. Gen. Laws § 45-41-3. Payment to and from fund
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The self insurance funds shall be used by the cities or towns as nonlapsing, revolving funds for carrying out the provisions of this chapter. To these funds may be charged any and all expenses of a city or town relating to the insurance of its assets and liabilities not otherwise…
R.I. Gen. Laws § 45-41-4. Investment of fund
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(a) Moneys in the funds currently not needed to meet expenses and obligations of self insurance shall be deposited in a depository bank as designated by the city or town councils to the credit of the funds or may be invested by the city or town treasurers, with the approval of th…
