§601.17. Additional investment authority
A. Any domestic insurer, in addition to the other investments permitted by this
Subpart, may invest in an amount equal to twenty-five percent of its capital and surplus if a
stock company, and if a company other than stock, twenty-five percent of its surplus, or five
percent of its admitted assets, whichever is the greater, in an admitted asset pursuant to this
Subpart without regard to the percentage limitations.
B. In addition to the authority provided pursuant to Subsection A of this Section, an
insurer may acquire investments not otherwise permitted by this Subpart, and not specifically
prohibited by statute, to the extent of not more than five percent of the first five hundred
million dollars of the insurer's admitted assets plus ten percent of the insurer's admitted assets
exceeding five hundred million dollars. No investment shall be permitted under this Section
unless it meets the definition of an asset in the NAIC Accounting Practices and Procedures
Manual.
Acts 2021, No. 165, §1, eff. Jan. 1, 2022.