All deposit accounts shall be held in the designated depository in the name of the “superintendent of insurance of the state of New Mexico, custodian for (name) insurance company (general/special/other deposit account)”. Securities deposited in the account may be held:

1. A. in “book entry” form in depository’s account with the federal reserve;
2. B. in nominee name of depository, depository’s corresponding bank, or the clearing corporation retained by depository; or

3. C. in the account name specified above.

   [8/24/87; 13.2.4.9 NMAC - Rn, 13 NMAC 2.4.9, 6/14/07]