33-2-608. Rights of insurer during solvency.
72 words·~1 min read·
/mt/title-33/chapter-2/part-6/33-2-608·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-2-608 . Rights of insurer during solvency. So long as the insurer remains solvent and is in compliance with this code 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.