Revised Code of Washington (RCW) (Last Updated: August 9, 2016)

Section 48.13.460. Safeguarding securities—Authorized methods of holding securities.

Latest version.

The following are the only authorized methods of holding securities:

(1) A domestic insurance company may hold securities in definitive certificates;

(2) A domestic insurance company may, pursuant to an agreement, designate a custodian through which it can transact and maintain book-entry securities on behalf of the insurance company; or

(3) A domestic insurance company may, pursuant to an agreement, participate in depository systems of clearing corporations directly or through a custodian .

[ 2008 c 234 § 3; 2000 c 221 § 3.]

2008 c 234 § 3; 2000 c 221 § 3.

                    
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