9-4-202 - Separate account, collateral, and bond.
9-4-202. Separate account, collateral, and bond.
(a) Notwithstanding any provision of law or regulation to the contrary, any reference to a separate account in state law is deemed to mean a separate account within the state's accounting system and shall not require establishment of a separate account in a state depository.
(b) Any reference to separate collateral shall be satisfied if sufficient total collateral is maintained in accordance with the provisions of parts 1-4 of this chapter.
(c) Any reference to separate bond shall be satisfied through coverage of the state treasurer by the state's blanket surety bond pursuant to § 4-4-108.
[Acts 1985, ch. 118, § 22.]