RCW 48.16.060
Transfer of securities.
(1) No transfer of any funds or security so held on deposit, whether voluntary or by operation of law, shall be valid unless approved in writing by the commissioner.
(2) A statement of each such transfer shall be entered on the records of the commissioner or designated depositary, showing the name of the insurer from whose deposit such transfer is made, the name of the transferee, and the par value of the securities so transferred.
[ 1955 c 86 § 7; 1947 c 79 § .16.06; Rem. Supp. 1947 § 45.16.06.]
NOTES:
Effective date—Supervision of transfer—1955 c 86: See notes following RCW 48.05.080.
Structure Revised Code of Washington
Chapter 48.16 - Deposits of Insurers.
48.16.010 - Deposits of insurers—In general.
48.16.020 - Deposits to be held in trust.
48.16.030 - Securities eligible for deposit.
48.16.050 - Commissioner's receipt—Records.
48.16.060 - Transfer of securities.
48.16.070 - Depositaries—Designation.
48.16.080 - Liability for safekeeping.
48.16.090 - Dividends and substitutions.
48.16.100 - Release of deposits—Generally.
48.16.110 - Release of existing deposits.