§ 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 […]
§ 20-553 – Mortgages on real estate; definitions
20-553. Mortgages on real estate; definitions A. An insurer may invest any of its funds in bonds, notes or other evidences of indebtedness that are secured by first mortgages or deeds of trust on improved, unencumbered real property located in the United States, or that are secured by first mortgages or deeds of trust on […]
§ 20-554 – Purchase money mortgages
20-554. Purchase money mortgages An insurer may invest in purchase money mortgages or like securities, received by it upon the sale or exchange of real property theretofore owned by it.
§ 20-539 – Federally guaranteed loans
20-539. Federally guaranteed loans An insurer may invest any of its funds in loans guaranteed as to principal and interest by the United States or by any agency or instrumentality thereof, to the extent of such guaranty.
§ 20-540 – Governmental revenue bonds and obligations; limitation; definitions
20-540. Governmental revenue bonds and obligations; limitation; definitions A. An insurer may invest in bonds, notes or evidences of indebtedness of any state, any political subdivision of a state or any political subdivision of the United States that are payable from revenues or earnings specifically pledged for the payment of the principal and interest on […]
§ 20-541 – Improvement district obligations
20-541. Improvement district obligations An insurer may invest in bonds, notes or evidences of indebtedness issued by any local improvement district in this or any other state to finance local improvements authorized by law, if the principal and interest of such obligations is payable from assessments on real property within such local improvement district. No […]