§ 48.16.090. Dividends and substitutions
While solvent and complying with this code an insurer shall be entitled:
(1) To collect and receive interest and dividends accruing on the securities so held on deposit for its account, and
(2) From time to time exchange and substitute for any of such securities, other securities eligible for deposit and of at least equal value.
[1947 c 79 § .16.09; Rem. Supp. 1947 § 45.16.09.]
Sections: Previous 48.16.010 48.16.020 48.16.030 48.16.050 48.16.060 48.16.070 48.16.080 48.16.090 48.16.100 48.16.110 48.16.120 48.16.130 NextLast modified: April 7, 2009