Investments | Midpage3.21.201Purpose3.21.203Applicability3.21.206General investment qualifications3.21.211Authorization of investments by the board of directors3.21.213Derivative instruments3.21.216Prohibited investments3.21.221Loans to officers and directors3.21.231General single issuer diversification, medium-grade investments and lower-grade investments, and Canadian investments for a life and health insurer3.21.236Rated credit instruments for a life and health insurer3.21.241Insurer investment pools for a life and health insurer3.21.246Equity interests for a life and health insurer3.21.251Tangible personal property under lease for a life and health insurer3.21.256Mortgage loans and real estate for a life and health insurer3.21.261Securities lending, repurchase, reverse repurchase, and dollar roll transactions for a life and health insurer3.21.266Foreign investments and foreign currency exposure for a life and health insurer3.21.271Derivative transactions for a life and health insurer3.21.276Policy loans for a life and health insurer3.21.281Investment transactions with affiliated or controlling persons for a life and health insurer3.21.286Additional investment authority for a life and health insurer3.21.320Reserve requirements3.21.325General single issuer diversification, medium-grade investments and lower-grade investments, and Canadian investments for a property and casualty insurer3.21.330Rated credit instruments for a property and casualty insurer3.21.335Insurer investment pools for a property and casualty insurer3.21.340Equity interests for a property and casualty insurer3.21.345Tangible personal property under lease for a property and casualty insurer3.21.350Mortgage loans and real estate for a property and casualty insurer3.21.355Securities lending, repurchase, reverse repurchase, and dollar roll transactions for a property and casualty insurer3.21.360Foreign investments and foreign currency exposure for a property and casualty insurer3.21.365Derivative transactions for a property and casualty insurer3.21.370Investment transactions with affiliated or controlling persons for a property and casualty insurer3.21.375Additional investment authority for a property and casualty insurer3.21.395Requirements for rated credit instruments and special rated credit instruments3.21.399Definitions