§ 563. Maintenance of trust account.
64 words·~1 min read·
/de/title-18/563A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The assets in the trust account shall be known as “trusteed assets” and shall at all times be in an amount equal to the U.S. branch’s reserves and other liabilities plus the minimum capital and surplus or authorized control level risk based capital, whichever is greater, required to be maintained by a domestic insurer licensed to do the same kind or kinds of insurance.