Section 27-33-4

Published: 2015

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Section 27-33-4

Section 27-33-4Purpose and duration of trust.

The deposit required by Section 27-33-2 shall be for the benefit, security and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.

(Acts 1971, No. 407, p. 707, §659.)