HB 69 -- DOMESTIC INSURER INVESTMENTS

This bill allows domestic insurers to invest their capital,
reserve, and surplus in bonds; notes or other evidences of
indebtedness; or preferred or guaranteed stocks or shares issued,
assumed, or guaranteed by a corporation, a joint stock company,
an association, a trust, a business partnership, a business joint
venture, and other similar entities.  These investments must
carry at least the second highest designation rating by the
National Association of Insurance Commissioners or a nationally
recognized rating agency approved by the Department of Insurance.
Life insurance company investments in corporations must also meet
the requirements of Sections 375.1070 - 375.1075, RSMo, regarding
guidelines for investing in medium or lower quality institutions.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm