Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-35 - BOOK-ENTRY SECURITIES
Rule 120-2-35-.06 - Conversion to Custodian Bank's Management Account

The custodian bank may process and release securities that are matured without written request from the company and where adequate replacement has been made. Bonds or notes eligible for book-entry or DTC will be converted to shares of the cash management account on the day of maturity. The custodian bank is authorized to use the Biltmore U.S. Treasury Money Market Fund as a transitional account. Such Fund is an acceptable asset for purposes of O.C.G.A. § 33-11-1et seq.

O.C.G.A. Sections 33-2-9, 33-11-10, 33-12-4, 33-14-13.