Funds of a home protection insurer may be invested in tangible personal property held by the insurer for the purpose of performing or providing repairs or replacements under its home protection policies. Funds so invested shall not exceed 25 percent of the assets of the insurer that are allowable in determining its financial condition under the Insurance Code, unless otherwise allowed under rules issued by the Director of the Department of Consumer and Business Services. [1981 c.247 §13]
Section: Previous 733.652 733.654 733.656 733.658 733.660 733.670 733.680 733.685 733.690 733.695 733.700 733.710 733.720 733.730 733.740 NextLast modified: August 7, 2008