§ 27-11.1-3 - Maximum investments in investments currently reported in Schedule BA of the annual statement blank.
SECTION 27-11.1-3
§ 27-11.1-3 Maximum investments ininvestments currently reported in Schedule BA of the annual statement blank.– A domestic insurance company may invest in those assets, which are currentlyreported in Schedule BA of its annual statement; provided, that thoseinvestments do not exceed in the aggregate ten percent (10%) of the company'sadmitted assets. Those investments may include, but are not limited to, thefollowing types of investments:
(1) All loans on or investments in oil and gas productionpayments;
(2) All transportation equipment;
(3) Timber deeds;
(4) Mineral rights carried as admitted assets;
(5) Motor vehicle trust certificates; and
(6) Any other class of admitted investment not clearlyincludible in other statement schedules.