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Current as of January 01, 2025 | Updated by Findlaw Staff
A domestic insurance company using the methods of holding securities under RCW 48.13.460 (2) or (3) is required to receive a confirmation from:
(1) The custodian whenever securities are received or surrendered pursuant to the domestic insurance company's instructions to a securities broker; or
(2) The securities broker provided that the domestic insurance company has given the custodian and the securities broker matching instructions authorizing the transaction, which have been confirmed by the custodian prior to surrendering funds or securities to conduct the transaction.
Cite this article: FindLaw.com - Washington Revised Code Title 48. Insurance § 48.13.465. Safeguarding securities--Requirement to receive a confirmation - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-48-insurance/wa-rev-code-48-13-465/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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