All such deposits shall consist of cash funds or public obligations as specified in *RCW 48.13.040; except, that with respect to deposits held on account of registered policies heretofore issued, the commissioner may accept deposit of such other kinds of securities as are expressly required to be deposited by the terms of such policies.

*Reviser's note: RCW 48.13.040 was repealed by 2011 c 188 § 22, effective July 1, 2012.

Effective date—Supervision of transfer—1955 c 86: See notes following RCW 48.05.080.