Pennsylvania Code
Title 31 - INSURANCE
Part VIII - Miscellaneous Provisions
Chapter 148a - SAFEGUARDING INSURER SECURITIES
Section 148a.4 - Requirements for investment company securities
Universal Citation: 31 PA Code ยง 148a.4
Current through Register Vol. 54, No. 12, March 23, 2024
An insurer's investment company securities may be held by the investment company that issued the investment company securities if the investment company:
(1) Provides the insurer with written reports on at least a monthly basis of the insurer's investment, including written confirmations of all transfers of investments to or from the insurer's account. The reports and confirmations may be transmitted in electronic or paper form.
(2) Maintains records and information sufficient to enable the insurer to:
(i) Comply with accounting and reporting
requirements for financial statements and supporting schedules filed with the
Department, to the extent that information maintained by the investment company
is relied upon by the insurer to prepare its financial statements.
(ii) Provide information required in a
financial examination of the insurer under Article IX of The Insurance
Department Act of 1921 (40 P. S. §§
323.1-323.8) or an audit, including the
identifying numbers assigned to the securities by the Committee on Uniform
Securities Identification Procedures (CUSIP).
Disclaimer: These regulations may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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