§ 56-3-302. Part Definitions
As used in this part: “Acceptable collateral” means: As to securities lending transactions, and for the purpose of calculating counterparty exposure amount, cash, cash equivalents, letters of credit, direct obligations of, or securities that are fully guaranteed as to principal and interest by, the government of the United States, or by the Federal National Mortgage […]
§ 56-3-303. Authorized Investments
Domestic life insurance companies may, directly or indirectly through an investment affiliate, invest their assets and engage in investment practices as follows: In obligations, not in default as to principal or interest, that are valid and legally authorized obligations issued, assumed or guaranteed by the United States, or by any state of the United States, […]
§ 56-3-304. Foreign Investments
Domestic life insurance companies may, directly or indirectly through an investment affiliate, invest in investments and enter into transactions in Canada that are substantially of the same kinds, classes and investment grades as those eligible for investment under § 56-3-303(a); but the aggregate amount of the investments and transactions that are held at any time […]
§ 56-3-305. Domestic Life Insurance Companies May Acquire, Hold and Convey Real Estate — Purposes — Manner
A domestic life insurance company may acquire, hold and convey real property only for the following purposes and in the following manner: The land and the building on the land in which it has its principal office and other real property that is requisite for its convenient accommodations in the transaction of its insurance business, […]
§ 56-3-306. Time for Disposal of Real Estate — Extension of Time
Real property specified in § 56-3-305(a)(2)-(4), which is not necessary for its accommodation in the convenient transaction of its business, shall be sold and disposed of within five (5) years after the company has acquired title to the property, or within five (5) years after the property has ceased to be necessary for the accommodation […]
§ 56-3-307. Investments or Loans of Domestic Life Insurance Companies Limited
No domestic life insurance company shall invest or loan its funds in any manner except as provided in §§ 56-3-301 — 56-3-306, except that investments of domestic life insurance companies may include electronic computer or data processing machines or systems heretofore or hereafter purchased for use in connection with the business of the insurer; provided, […]
§ 56-3-301. Underwriting or Participation by Domestic Life Insurance Company in Offering of Securities by Another Prohibited — Agreement to Withhold Property From Sale Prohibited — Regulations on Loans
No domestic life insurance company, whether incorporated by special act or under a general law of this state, shall underwrite or participate in the underwriting of an offering of securities or property by any other person; nor shall the company enter into any agreement to withhold from sale any of its property, but the disposition […]