§ 27-11-1. Power of life insurance company to acquire and hold property. Any life insurance company incorporated under a charter granted by the general assembly of this state and any life insurance company incorporated under a charter or the laws of any other state in the United States of America which is empowered to engage […]
§ 27-11-2. Power to erect, maintain, improve, and rent structures. A life insurance company may use existing structures, may erect or cause to be erected new structures, may use any combination of existing structures and new structures, and may maintain, repair, alter, demolish, and reconstruct those structures. “Structures” as used in this section includes apartment […]
§ 27-11-3. Maximum investment in real property. No real property shall be purchased, leased, held, or improved under this chapter if the cost or value of the property, or the cost of the improvements on it, or all of them on the date of the purchase, lease, or acquisition, plus the book value on the […]
