23 CAR § 13-101
23 CAR § 13-101. Purpose
Length: 51 wordsOfficial source
The purpose of this rule is to authorize and to set forth the conditions and procedures for participation by insurers in modern systems for holding and transferring securities without physical delivery of securities certificates, specifically through utilization of:
(1) Clearing corporations;
(2) Securities broker-dealers; and
(3) The Federal Reserve book-entry system.