HB 1567 -- Insurance Company Investments

Sponsor:  Luetkenhaus

This bill allows insurance companies to invest in a wider
assortment of financial instruments, including derivative
instruments.  These investments are limited to various
percentages of the insurance company's assets, depending on the
type of financial instrument, and must fall within guidelines
established by the National Association of Insurance
Commissioners.  The Director of the Department of Insurance may
promulgate reasonable rules and regulations to enforce the law,
including financial solvency standards, valuation standards, and
reporting requirements.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:01 am