Section 3.21.890. Limitation on foreign custodians.

Latest version.

A foreign bank acting as a custodian, a United States custodian's foreign agent, or a foreign clearing corporation may only hold foreign securities or securities required by a foreign country in order for the insurer to do business in that country. A United States custodian must hold all other securities for the insurer.

Authorities

21.06.090;21.21.410

Notes

Authority
 AS 21.06.090  
AS 21.21.410  
History Eff. 8/31/2008, Register 187

                    
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