- (1) An insurer may invest in Yankee bonds of investment quality limited to 20% of the insurer's qualified assets.
- (2) Subject to Subsection (3), an insurer's investment in Yankee bonds of investment quality issued by a single entity, its affiliates, or subsidiaries, is limited to 3% of the insurer's qualified assets.
(3) An investment in Yankee bonds of investment quality issued by an entity within a single sovereign foreign nation, is limited to:
- (a) 5% of the insurer's qualified assets if the bonds are rated "1" by the SVO; and
- (b) 3% of the insurer's qualified assets if the bonds are rated "2" by the SVO.
KEY: insurance
Date of Last Change: March 25, 2022
Notice of Continuation: November 19, 2021
Authorizing, and Implemented or Interpreted Law: 31A-18-105