Section 408:34 Deposit of Securities. - New Hampshire Statutes

Any corporation organized under the laws of this state which has been authorized by the commissioner to issue variable contracts shall deposit all securities representing the assets of a segregated fund for a variable contract account and all uninvested cash of such a fund with a custodian which shall be a bank or trust company, either within or without the state of New Hampshire, approved by the commissioner.

Source. 1967, 272:2. 1977, 264:4. 1987, 246:4, eff. May 18, 1987.