State Codes and Statutes

Statutes > Washington > Title-48 > 48-16 > 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.]

State Codes and Statutes

Statutes > Washington > Title-48 > 48-16 > 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.]


State Codes and Statutes

State Codes and Statutes

Statutes > Washington > Title-48 > 48-16 > 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.]