Section 230-RICR-20-15-1.5 - Security DepositsA. Each group self-insurer shall be required to post a security deposit with the Department in an amount not less than one hundred thousand dollars ($100,000). The Department may require a greater deposit to secure any potential liability of the group not otherwise funded by a security deposit, premium collections, or excess insurance.B. The securities acceptable to the Department as a security deposit shall be: 1. savings accounts or certificates of deposit in a duly chartered commercial bank located within the State of Rhode Island and insured through the Federal Deposit Insurance Corporation;2. share accounts or savings certificates in a duly chartered savings and loan association located within the State of Rhode Island and insured through the Federal Savings and Loan Insurance Incorporation;3. direct obligations of the United States Treasury such as notes, bonds, or bills which are backed by the full faith and credit of the United States Government;4. any bond or security issued by the State of Rhode Island and backed by the full faith and credit of the State;5. surety bonds in a form approved by the Department issued by a corporate surety admitted in the State of Rhode Island or authorized by the Department to transact such business in the State;6. a financial guarantee endorsement in a form acceptable to the Department issued as part of an acceptable excess issuance contract.230 R.I. Code R. 230-RICR-20-15-1.5