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2009 Washington Code
Title 48 - Insurance
Chapter 48.16 - Deposits of insurers.
48.16.090 - Dividends and substitutions.

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.]

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