20-535. Limitation on percentage of assets invested with single person; exception
An insurer shall not, except with the consent of the director, have at any one time any combination of investments in or loans upon the security of the obligations, property or securities of any one person, institution, corporation or municipal corporation, aggregating any amount exceeding ten per cent of the insurer's assets. This restriction shall not apply to investments in or loans upon the security of general obligations of the United States or any state of the United States or include policy loans made under section 20-550.
Section: Previous 20-517 20-518 20-519 20-531 20-532 20-533 20-534 20-535 20-536 20-536.01 20-537 20-538 20-539 20-540 20-541 NextLast modified: October 13, 2016