Current through Register Vol. 54, No. 49, December 7, 2024
Section 148a.2 - Permissible methods of holding securities(a) An insurer may hold its securities in definitive certificates.(b) An insurer may provide for its securities to be held by a custodian under a custodial agreement as required under § 148a.3 (relating to requirements for custodial agreements). Securities held under a custodial agreement shall be held by: (2) The custodian's agent.(3) A clearing corporation.(4) The Federal Reserve book-entry system.(c) An insurer's investment company securities may be held by the investment company that issued the investment company securities as required under § 148a.4 (relating to requirements for investment company securities).(d) An insurer may provide for its securities to be held as required by a state treasurer or other state regulatory authority to meet deposit requirements as a condition of doing business in that state. This section cited in 31 Pa. Code § 148a.3 (relating to requirements for custodial agreements).