2005 Washington Revised Code RCW 48.13.460: Safeguarding 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 participating financial institution or institutions as its 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 bank.
[2000 c 221 § 3.]
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