Any insurance company organized under the laws of this state authorized to transact a fire insurance business may create the funds provided for in § 27-5-16 — § 27-5-31, to be known and designated as the guaranty surplus fund and the special reserve fund, and may avail itself of the provisions of this section and § 27-5-16 — § 27-5-31, upon complying with the requirements of those sections.

History of Section.
P.L. 1907, ch. 1438, § 1; G.L. 1909, ch. 219, § 26; G.L. 1923, ch. 255, § 26; G.L. 1938, ch. 150, § 25; G.L. 1956, § 27-5-15; P.L. 2002, ch. 292, § 22.