58-7 INSURERS' DEPOSITS WITH STATE
INSURERS' DEPOSITS WITH STATE
Amounts required to be deposited by domestic insurers--Financial institutions to report to
Assets acceptable for deposit of reserves.
Credit of other deposit against reserve deposit.
Annual deposit of additional securities to cover increase of reserves.
Ineligibility for deposit of securities in default.
Authorized deposits of insurers.
Purpose of deposits.
Certificates of deposit--Eligible securities--Purpose of deposits.
Deposit of domestic insurer held in this state pursuant to laws of another state or country--Assets comprising--Protection of all policyholders of insurer.
Deposits of reserves of domestic life insurer--Assets comprising--Holding for common
benefit of policyholders and annuity contracts.
Deposits of reserves of domestic insurers other than life--Holding for common benefit of
Deposits of foreign insurers--Assets comprising--Holding for purposes required by law
and as specified by director.
Assignment to director of securities not negotiable by delivery--Power of attorney.
Real estate used as deposit--Deed of trust, execution, and recording prior to deposit with
Record by director of assets deposited.
Release of assigned security--Reassignment to insurer or other person.
Deposit of reserves in financial institutions.
Terms of depository or custodial arrangements for deposit of reserves.
Forms and terms of depository or custodial arrangement.
Compensation and expenses of depository or custodian borne by insurer.
Nonliability of director and state for safekeeping by custodian.
Custodial arrangements--Termination by director--New arrangements.
Effect of deposit in foreign state.
Sufficiency of deposit--Valuation of assets.
Decline in market value of deposited assets--Deposit of additional assets or securities.
Appraisal or valuation of deposited assets or securities--Cost borne by insurer.
Deposit exceeding requirements--Release to insurer upon request--Release during
insolvency of insurer.
Right of insurer to deposited assets and securities during solvency.
Levy upon deposited assets and securities.
Deposits by foreign or alien insurers not subject to taxation.
Duration of deposit of assets and securities.
Release of deposit on request of domestic insurer.
Return of deposit of foreign insurer.
Return of deposit upon merger or consolidation of insurer.
Insurer subject to delinquency proceedings--Surrender of deposited assets and securities
to authorized officer of court.
Release of deposited assets--Terms--Nonliability of director acting in good faith.
Certain depository or custodial requirements superseded.