Utah Admin. Code R590-178-2 - Purpose and Scope
(1) The purpose of
this rule is to:
(a) authorize a domestic
insurance company to use a modern system for holding and transferring a
security without physical delivery of a security certificate; and
(b) establish standards for a person in
Subsection (2)(b) through (2)(e) to qualify and operate as a custodian for
insurance company securities.
(2) This rule applies to:
(a) a domestic insurance company;
(b) a national bank;
(c) a state bank;
(d) a trust company; and
(e) a broker/dealer.
Notes
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