§ 45-41-2. Amount of fund. 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 tangible personal property in the cities or towns.
History of Section. (P.L. 1971, ch. 216, § 1.)
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