The insurer's investments in the stock of its majority owned subsidiary insurance corporation under § 58-27-26, together with its investments in insurance stocks under § 58-27-25, may not at any time exceed the amount of the investing insurer's surplus, if a life insurer, or its surplus to policyholders if other than a life insurer. Any investment in a noninsurance majority owned corporation under § 58-27-26 is subject to the limitations under § 58-5A-73.

Source: SL 1966, ch 111 , ch 6, § 16; SL 1969, ch 130 ; SL 1994, ch 385 .