- (1) Insurance companies found to be or to have been in violation of this rule shall be subject to fine, suspension, and revocation of license or other penalties permitted by Section 31A-2-308.
- (2) Insurance companies are not authorized to provide for the custody of their securities except as granted in this rule. Custodial securities held in violation of this rule shall be disregarded in determining and reporting the financial condition of an insurer.
KEY: insurance law
Date of Last Change: August 8, 2022
Notice of Continuation: July 14, 2021
Authorizing, and Implemented or Interpreted Law: 31A-4-108