Section 411-A:30 Miscellaneous Investments.
I. An insurer may make loans or investments not otherwise expressly permitted under this chapter and may make loans or investments in amounts in excess of limits set forth in this chapter, in an aggregate amount not over 10 percent of the insurer's assets, if such loan or investment qualifies as a sound investment. No such loan or investment shall be represented by loans or investments expressly prohibited by statute or by regulation.
II. The insurer shall keep a record of all loans and investments made under this section.
Source. 1978, 11:1, eff. July 1, 1978. 2009, 186:13, eff. Jan. 1, 2010.