610.23 Power to hold property in other than own name.
80 words·~1 min read·
/wi/chapter-610/610-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
610.23 Power to hold property in other than own name. An insurer shall hold all investments and deposits of its funds in its own name except that:
(1)Custodial or trust arrangements. Securities kept under a custodial agreement or trust arrangement with a bank or banking and trust company may be issued in the name of a nominee of the bank or banking and trust company; and
(2)Bearer securities. Any insurer may acquire and hold securities in bearer form.