§ 27-1-6. Holding of deposits Income Replacement.
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RI Code › Title 27 › Chapter 27-1 › Section 27-1-6
Text
The general treasurer shall hold stocks or securities deposited as security for policyholders in the company, but any company depositing stocks or securities shall be permitted to receive and to collect the interest and dividends on its securities deposited, and to withdraw the securities upon depositing with the general treasurer other securities of the same character, the market value of which at the time of the deposit shall equal or exceed the amount required to be deposited.
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