(a) (1) All securities not negotiable by delivery and deposited by an insurer, other than under ยง 23-81-130, shall be assigned to the Insurance Commissioner and his or her successors in office.
(2) All other assets so deposited shall be transferred or conveyed to the commissioner.
(3) Upon release of any security or asset to the insurer, the commissioner shall reassign, transfer, or reconvey the asset or security to the insurer.
(b) The commissioner may, in his or her discretion, prior to acceptance for deposit of any security or asset, or at any time thereafter while so deposited, have the security or asset appraised or valued by competent appraisers. The reasonable costs of the appraisal or valuation shall be borne by the insurer.
Section: Previous 23-63-902 23-63-903 23-63-904 23-63-905 23-63-906 23-63-907 23-63-908 23-63-909 23-63-910 23-63-911 23-63-912 NextLast modified: November 15, 2016