48.13.460 - Safeguarding securities -- Authorized methods of holding securities.
Safeguarding securities — Authorized methods of holding securities.
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.]