Rhode Island § 45-41-4 - Self Insuring Fund
Full text of Rhode Island Rhode Island General Laws § 45-41-4 — Self Insuring Fund, with citation guidance and answers to common questions.
§ 45-41-4. Self Insuring Fund
R.I. Gen. Laws § 45-41-4
§ 45-41-4. Investment of fund.
(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 the city or town councils, in savings accounts or certificates of commercial or savings banks or trust companies, or in obligations of the United States or its agencies, or in any other short term investments, as would be made by prudent men or women of discretion and intelligence.
(b) Investment earnings of the funds are deemed receipts and become assets of the funds subject to the nonlapsing, revolving provisions of § 45-41-3.
History of Section.
P.L. 1971, ch. 216, § 1.
Frequently Asked Questions About Rhode Island § 45-41-4
What does Rhode Island General Laws § 45-41-4 cover?
Section 45-41-4 ("Self Insuring Fund") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 45-41-4?
A common citation format is "Rhode Island General Laws § 45-41-4" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 45-41-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.