§ 20-560 – Derivative transactions; definitions
20-560. Derivative transactions; definitions A. An insurer, directly or indirectly through an investment subsidiary, may use derivative instruments to engage in hedging transactions, income generation transactions and replication transactions pursuant to this section. B. An insurer may enter into hedging transactions if, after giving effect to such transactions, all of the following apply: 1. The […]
§ 20-561 – Collateral loans
20-561. Collateral loans A. An insurer may lend its funds in negotiable promissory notes on the pledge of any investment that qualifies under this article, other than real property. The insurer shall not make a loan that is more than seventy-five per cent of the market value of the collateral pledged. The loan documents shall […]
§ 20-547 – Equipment trust certificates
20-547. Equipment trust certificates An insurer may invest in equipment trust obligations or certificates which in the opinion of the director are adequately secured, or other instruments so secured and evidencing an interest in transportation equipment, wholly or in part within the United States, which carry the right to receive determined portions of rental, purchase […]
§ 20-562 – Insurer investments; partnerships; limited liability companies; limitations
20-562. Insurer investments; partnerships; limited liability companies; limitations A. An insurer that meets the standards prescribed in subsection B may invest in a partnership or limited liability company interest if the investments held by the partnership or limited liability company, if added to the assets of the insurer in the same proportion as the interests […]
§ 20-548 – Obligations of receivers or trustees
20-548. Obligations of receivers or trustees An insurer may invest in certificates, notes or other obligations issued by trustees or receivers of any institution created or existing under the laws of the United States or of any state, district or territory thereof, which, or the assets of which, are being administered under the direction of […]
§ 20-549 – Investments not otherwise authorized; limitations; appraisal; cost
20-549. Investments not otherwise authorized; limitations; appraisal; cost A. An insurer may make loans or investments not otherwise qualifying or permitted under this article in an amount not exceeding in the aggregate ten per cent of the insurer’s assets, and not exceeding two per cent of such assets as to any one such loan, investment […]
§ 20-550 – Policy loans
20-550. Policy loans A life insurer may lend to its policyholder upon pledge of the policy as collateral security a sum not exceeding the applicable cash surrender value specified in the policy.
§ 20-551 – Investments or deposits in financial institutions
20-551. Investments or deposits in financial institutions A. An insurer may invest or deposit any of its funds in share, checking or savings accounts, in certificates of deposit or in any other deposit or account in solvent banks or in foreign branches of such banks, credit unions or savings and loan associations which are insured […]
§ 20-552 – Foreign securities
20-552. Foreign securities A. An insurer may make investments in securities of or in a foreign country possessing characteristics and of a quality similar to those required pursuant to this article for investments in the United States. B. After giving effect to an investment in securities of or in a foreign country, the aggregate amount […]
§ 20-552.01 – Canadian investments; definition
20-552.01. Canadian investments; definition A. An insurer may make investments in securities of or in Canada possessing characteristics and of a quality similar to those required pursuant to this article for investments in the United States. B. Subject to subsections C, D and E of this section, an insurer shall not acquire, directly or indirectly […]