§ 27-1-6 - Holding of deposits – Income – Replacement. - Rhode Island Statutes

SECTION 27-1-6

   § 27-1-6  Holding of deposits – Income– Replacement. – The general treasurer shall hold stocks or securities deposited as security forpolicyholders in the company, but any company depositing stocks or securitiesshall be permitted to receive and to collect the interest and dividends on itssecurities deposited, and to withdraw the securities upon depositing with thegeneral treasurer other securities of the same character, the market value ofwhich at the time of the deposit shall equal or exceed the amount required tobe deposited.