Sec. 38a-613. (Formerly Sec. 38-236). Investments.
Sec. 38a-613. (Formerly Sec. 38-236). Investments. A society shall invest its
funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurance companies and subject to the limitations thereon. Any
foreign or alien society permitted or seeking to do business in this state which invests
its funds in accordance with the laws of the state, district, territory, country or province
in which it is incorporated shall be held to meet the requirements of this section for the
investment of funds.
(1949 Rev., S. 6252; 1957, P.A. 448, S. 33; P.A. 90-243, S. 142.)
History: P.A. 90-243 substituted "foreign" for "nonresident" and "alien" for "foreign" societies; Sec. 38-236 transferred
to Sec. 38a-613 in 1991.