Right of insurer to deposited assets and securities during solvency.

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58-7-30. Right of insurer to deposited assets and securities during solvency.

While the insurer remains solvent and is in compliance with this title it may:

(1)Demand, receive, sue for, and recover the income from the assets or securities deposited;

(2)Exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and

(3)At any reasonable time inspect any such deposit.

Source: SL 1966, ch 111, ch 7, §10.


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