These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.
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.]