Washington State Statutes - Washington Attorney Directory

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 participating financial institution or institutions as its 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 bank.

[2000 c 221 § 3.]

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