§ 20-555 – Security agreements; definition
20-555. Security agreements; definition A. In connection with a mortgage loan on the security of real property designed and used primarily for residential purposes only, which mortgage loan was acquired pursuant to section 20-553, an insurer may lend or invest an amount not exceeding twenty per cent of the amount loaned on or invested in […]
§ 20-556 – Real property
20-556. Real property An insurer, including for the purposes of this section a reciprocal insurer, may invest in real property only if acquired or used for the following purposes and in the following manner: 1. The land and the building thereon in which it has its principal office, and such other real property as shall […]
§ 20-557 – Second mortgages
20-557. Second mortgages A. An insurer may invest in bonds, notes or other evidences of indebtedness that are secured by second mortgages or deeds of trust on improved real property located in the United States. An insurer shall not make or acquire either: 1. A loan or investment if the total of the outstanding indebtedness […]
§ 20-558 – Investment company or trust; mutual funds
20-558. Investment company or trust; mutual funds An insurer may invest in the securities of any open end management type investment company, investment trust or mutual fund registered with the United States securities and exchange commission or in a common trust fund of a bank regulated by a federal or state agency within the limitations […]
§ 20-559 – Investments of foreign and alien insurers
20-559. Investments of foreign and alien insurers A. Foreign and alien insurers transacting insurance in this state shall have assets of the same general character and quality, and have invested in home office real property as permitted under paragraph 1 of section 20-556, all as specified in this article for domestic insurers, except that other […]
§ 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 […]