§431:7-306 - Director may designate depositary.
§431:7-306 Director may designatedepositary. At the request of an insurer, the director of finance maydesignate any solvent trust company or other solvent financial institutionhaving trust powers, domiciled in the United States, as the director's depositaryto receive and hold any such deposit. Any deposit so held shall be at theexpense of the insurer. [L 1987, c 347, pt of §2]