31 Pa. Code § 148a.2 - Permissible methods of holding securities
(a) An insurer may hold its securities in
definitive certificates.
(b) An
insurer may provide for its securities to be held by a custodian under a
custodial agreement as required under §
148a.3 (relating to requirements
for custodial agreements). Securities held under a custodial agreement shall be
held by:
(1) The custodian.
(2) The custodian's agent.
(3) A clearing corporation.
(4) The Federal Reserve book-entry
system.
(c) An insurer's
investment company securities may be held by the investment company that issued
the investment company securities as required under §
148a.4 (relating to requirements
for investment company securities).
(d) An insurer may provide for its securities
to be held as required by a state treasurer or other state regulatory authority
to meet deposit requirements as a condition of doing business in that
state.
Notes
This section cited in 31 Pa. Code § 148a.3 (relating to requirements for custodial agreements).
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