48.16.090 - Dividends and substitutions. - Washington Statutes

Dividends and substitutions.

While solvent and complying with this code an insurer shall be entitled:

     (1) To collect and receive interest and dividends accruing on the securities so held on deposit for its account, and

     (2) From time to time exchange and substitute for any of such securities, other securities eligible for deposit and of at least equal value.

[1947 c 79 § .16.09; Rem. Supp. 1947 § 45.16.09.]