Section 58-7-4 - Annual deposit of additional securities to cover increase of reserves

58-7-4. Annual deposit of additional securities to cover increase of reserves.Annually on or before April first, the insurer shall deposit any additional securities required under §58-7-1 and related to the increase of such reserves during the calendar year next preceding as determined from the insurer's annual statement as of December thirty-first of such preceding year. Source: SL 1966, ch 111, ch 7, §1 (2).