RCW 48.13.465
Safeguarding securities—Requirement to receive a confirmation.
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.
[ 2008 c 234 § 4; 2000 c 221 § 4.]
Structure Revised Code of Washington
48.13.005 - Purpose—Application.
48.13.021 - Minimum financial security benchmark—Determination of amount.
48.13.041 - Determining whether an investment portfolio or investment policy is prudent.
48.13.051 - Written investment policy required—Annual review—Contents.
48.13.061 - Classes of investments—Description—Rules.
48.13.071 - Limitations on investments—Special rules for certain investments.
48.13.081 - Investments in securities of different currencies.
48.13.091 - Prohibited investments.
48.13.101 - Satisfaction of the minimum asset requirement—When assets may be counted.
48.13.111 - Commissioner's powers—Requirements of persons subject to regulation.
48.13.121 - Commissioner may retain experts—Insurer's expense.
48.13.131 - When investment practices are not in compliance—Commissioner's authority.
48.13.141 - Aggrieved insurer—Request for hearing.
48.13.151 - Confidentiality of investment policy information.
48.13.161 - Chapter prevails over other statutes—Valuation of assets.
48.13.171 - Rule making—Special investment restrictions.
48.13.350 - Written record of investments—Contents.
48.13.360 - Investments of foreign and alien insurers.
48.13.450 - Safeguarding securities—Definitions.
48.13.455 - Safeguarding securities—Deposit in a clearing corporation—Certificates—Records.
48.13.460 - Safeguarding securities—Authorized methods of holding securities.
48.13.465 - Safeguarding securities—Requirement to receive a confirmation.
48.13.470 - Safeguarding securities—Broker executing a trade—Time limits.