RCW 48.13.460Safeguarding securities—Authorized methods of holding securities.The following are the only authorized methods of holding securities:(1) A domestic insurance company may hold securities in definitive certificates;(2) A domestic insurance company may, pursuant to an agreement, designate a custodian through which it can transact and maintain book-entry securities on behalf of the insurance company; or(3) A domestic insurance company may, pursuant to an agreement, participate in depository systems of clearing corporations directly or through a custodian .[ 2008 c 234 s 3; 2000 c 221 s 3.]
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