Dividends and substitutions.

Checkout our iOS App for a better way to browser and research.

§431:7-308 Dividends and substitutions. While solvent and complying with this part, 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 to exchange and substitute for any of such securities, other securities eligible for deposit and of at least equal value. [L 1987, c 347, pt of §2]


Download our app to see the most-to-date content.