HRS §431:7-308
Insurers can collect dividends and swap deposited securities
This section lets an insurance company, as long as it is solvent and follows the rules, keep the interest and dividends from securities it has deposited. It can also replace those securities with other eligible ones of equal or greater value.
The statute, as written — Dividends and substitutions
While solvent and complying with this part, an insurer shall be entitled: (1) To collect and receive interest and dividends accruing on the securities so held on deposit for its account, and (2) From time to time to exchange and substitute for any of such securities, other securities eligible for deposit and of at least equal value.
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