33-12-303. Rated credit instruments
33-12-303. Rated credit instruments. (1) Subject to the limitations of subsection (2), an insurer may acquire rated credit instruments in accordance with the following: (a) Subject to the limitations of 33-12-302(2), but not to the limitations of 33-12-302(1), an insurer may acquire rated credit instruments issued, assumed, insured, or guaranteed by: (i) the United States; or (ii) a government-sponsored […]
33-12-204. Insurer investment pools
33-12-204. Insurer investment pools. (1) An insurer may acquire investments in investment pools that invest only in: (a) (i) obligations that are rated 1 or 2 by the SVO or a nationally recognized statistical rating organization recognized by the SVO or in the absence of a 1 or 2 or equivalent rating, the issuer has outstanding obligations […]
33-12-205. Equity interests
33-12-205. Equity interests. (1) Subject to the limitations of 33-12-202, an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction. (2) An insurer may not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments then held […]
33-12-206. Tangible personal property under lease
33-12-206. Tangible personal property under lease. (1) (a) Subject to the limitations of 33-12-202, an insurer may acquire tangible personal property or equity interests in tangible personal property located or used wholly or in part within a domestic jurisdiction, either directly or indirectly through limited partnership interests and general partnership interests not otherwise prohibited by 33-12-104(4), joint […]
33-12-207. Mortgage loans — income-producing real estate — real estate for the accommodation of business — quantitative limitations
33-12-207. Mortgage loans — income-producing real estate — real estate for the accommodation of business — quantitative limitations. (1) Subject to the limitations of 33-12-203, an insurer may acquire obligations secured by mortgages on real estate situated within a domestic jurisdiction, either directly or indirectly through limited partnership interests and general partnership interests not otherwise prohibited […]
33-12-208. Securities lending, repurchase, reverse repurchase, and dollar roll transactions
33-12-208. Securities lending, repurchase, reverse repurchase, and dollar roll transactions. (1) An insurer may enter into securities lending, repurchase, reverse repurchase, and dollar roll transactions with business entities, subject to the following requirements: (a) The insurer’s board of directors shall adopt a written plan that is consistent with the requirements of the written plan provided for in […]
33-12-209. Foreign investments and foreign currency exposure
33-12-209. Foreign investments and foreign currency exposure. (1) Subject to the limitations of 33-12-202, an insurer may acquire foreign investments or engage in investment practices with persons of or in foreign jurisdictions if the investments or investment practices are of substantially the same types as those that an insurer is permitted to acquire under this chapter, […]
33-12-210. Derivative transactions
33-12-210. Derivative transactions. An insurer may, directly or indirectly through an investment subsidiary, engage in derivative transactions under this section under the following conditions: (1) (a) An insurer may use derivative instruments under this section to engage in hedging transactions and certain income-generation transactions as provided in rules adopted by the commissioner. (b) An insurer must be able […]
33-12-211. Policy loans
33-12-211. Policy loans. A life insurer may lend to a policyholder, on the security of the cash surrender value of the policyholder’s policy, a sum not exceeding the legal reserve that the insurer is required to maintain on the policy. History: En. Sec. 23, Ch. 304, L. 1999.
33-12-212. Additional investment authority
33-12-212. Additional investment authority. (1) Under this subsection (1), an insurer may acquire an investment or may engage in investment practices described in 33-12-208 solely for the purpose of acquiring investments that exceed the quantitative limitations of 33-12-202 through 33-12-209. However, an insurer may not acquire an investment or engage in investment practices described in 33-12-208 […]