Section 179
SEC. 179. The Insurance Commissioner shall hold the securities, deposited as aforesaid, for the benefit and security of all the policy holders of the company depositing the same, but shall, so long as the company shall continue solvent, permit the company to collect the interest or dividends on the securities so deposited, and, from time to time, with his assent, to withdraw any of such securities, upon depositing with said commissioner other like securities, the market value of which shall be equal to the market value of such as may be withdrawn. In the event of any company ceasing to do business in the Philippine Islands the securities deposited as aforesaid shall be returned upon the company's making application therefor and proving to the satisfaction of the Insurance Commissioner that it has no further liability under any of its policies in the Philippine Islands.