Any company organized under the laws of this state, which has been authorized by the commissioner to issue variable products, shall deposit all securities representing the assets of a segregated fund for a variable product account, and all uninvested cash of such a fund, with a custodian which shall be a bank or trust company, either within or without the state of New Hampshire, approved by the commissioner.
RSA 408:33
1967, 272:2. 1977, 264:4, eff. Aug. 21, 1977.