S.L. 403.16 Art. 8Persons acting as custodian of assets.

For the purposes of article 18G of the Act and of any of the provisions of these regulations, any person listed in the Second Schedule to these regulations shall act as custodian of assets for an insurer and hold in custody for the insurer’s account, in the manner determined by these regulations, assets of a description specified and assigned to that person’s custody in the Second Schedule.