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

Latest version.

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.)

                    
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