LOANS AND INVESTMENTS OF INSURERS
58-27-1 Application of chapter.
58-27-2 Eligible investments by insurers--Violation as misdemeanor.
58-27-3 Time of determination of eligibility of investment.
58-27-4 Prior legal investment deemed eligible.
58-27-5 Acquisition of ineligible securities or property--Disposition.
58-27-6 Time of investment limitation based on amount of insurer's admitted assets, risk based capital, or capital and surplus.
58-27-7 Investments required to produce income--Exemptions--Rules.
58-27-8 Security or investment ineligible for purchase or exchange at more than market value.
58-27-9 Obligations of United States or Canada.
58-27-10 Loans guaranteed by United States or Canada.
58-27-11 Obligations of states, provinces, and political subdivisions.
58-27-12 Revenue bonds of states, provinces, and political subdivisions.
58-27-12.1 Maximum investments in bonds, warrants, and evidence of indebtedness.
58-27-13 Obligations or stock of federal agencies.
58-27-14 Certificates of deposit in federally insured banks.
58-27-15 Federally insured savings and loan accounts.
58-27-15.1 Credit Union accounts.
58-27-16 Obligations of international bank and certain development banks for reconstruction and development.
58-27-17 Investments authorized for insurers.
58-27-18 to 58-27-22. Repealed.
58-27-23 Nonassessable common stock of corporation--Insurance stocks excepted.
58-27-24 Stock of solvent insurers meeting requirements.
58-27-25 Insurer acquiring controlling interest in another stock insurer--Limitation as to amount.
58-27-26 Investments in stock of majority owned subsidiary corporations.
58-27-27 Maximum amount of investments in stock of majority owned subsidiary, or another insurer or wholly owned subsidiary.
58-27-28 Equipment trust obligations or certificates.
58-27-29 Foreign securities--Insurer authorized to do business in foreign country--Limitation as to amount.
58-27-30 Collateral loans--Pledge of securities--Restricted amount.
58-27-31 Policy loans by life insurer--Maximum amount.
58-27-32 Real estate mortgages and deeds of trust.
58-27-33 "Improved real property" defined.
58-27-34 Interests and restrictions not constituting encumbrances upon improved real property.
58-27-35 Deduction of sum owing on real property but not due or delinquent--Reserved rights not included in fair value of property.
58-27-36 Bonds or notes secured by mortgage or trust deed guaranteed by federal housing administration.
58-27-37 Bonds or notes secured by mortgage or trust deed guaranteed by administrator of veterans' affairs.
58-27-38 Equity of seller of real property in contract for deed--Maximum amount of investment.
Evidences of debt secured by mortgage or trust deed upon leasehold estates--Eligibility for investment. 58-27-40
Purchase money mortgage or other securities received by insurer upon sale or exchange of real property. 58-27-41
Maximum loan on security of real property--Misdemeanor. 58-27-42
Real property mortgage loan limited by property value--Loan on leasehold--Additional investment in other assets. 58-27-43
Deduction from loan of amount guaranteed by administrator of veterans' affairs. 58-27-44
Appraisal to determine market value of property. 58-27-45
Loan on or investment in real estate mortgage on security of chattel mortgage--Limited amount. 58-27-46
"Durable equipment" defined. 58-27-47
Acquisition of chattel mortgage--Separate appraisal of included items to determine fair market value--Maximum amount of loan. 58-27-48
Liens on personal property as additional security permitted. 58-27-49
Sale of mortgage loans to federal national mortgage association. 58-27-50
Restrictions on purposes and amount of real estate investments. 58-27-51
Maximum investments in other assets--Exceptions. 58-27-51.1
Additional investment authority--Life and health insurers. 58-27-51.2
Additional investment authority--Property and casualty insurers. 58-27-51.3
Additional investment authority--Valuation of investments. 58-27-52
Limits on categories of investments. 58-27-53
Maximum amount of investments or loans with one person, institution, corporation, or municipal corporation--Exceptions. 58-27-54
Maximum amount of investment in voting stock of corporation--Exceptions. 58-27-55
Maintenance of invested funds--Minimum amount--Guaranteed securities--Real property. 58-27-56
Minimum investments by life insurer. 58-27-57
Maximum amount of investment in certain classes of securities. 58-27-58
Limitations on investments in corporate stock--Exceptions. 58-27-59
Limits of investments in real estate--Law governing. 58-27-61
Investment or loans on own capital stock. 58-27-62
Loan secured by own stock as collateral. 58-27-63
"Affiliate" defined. 58-27-65
Finding of director that security designed to evade chapter--Investment or loan prohibited. 58-27-66
Pension or profit-sharing trust agreement not prohibited. 58-27-67
Underwriting of securities or property prohibited. 58-27-68
Foreign insurer--Permitted investment portfolio--Domicile of alien insurer. 58-27-69
Authorization of investment or loan by board or committee of insurer. 58-27-70
Disposal of real estate unnecessary for transaction of insurance business--Time limit. 58-27-71
Disposal of real estate acquired in satisfaction of debt, as part payment of consideration on sale of real estate, as gift or devise, or through merger, consolidation, or bulk reinsurance--Time limit. 58-27-72
Extension of time for disposal of real estate--Election to hold as investment for income purposes, acquisition cost. 58-27-73
Immediate disposal of ineligible property or security unlawfully acquired. 58-27-74
Disposal of lawfully acquired ineligible property--Extension of time. 58-27-75
Ineligible personal property or securities not allowable as assets of insurer. 58-27-76
Expiration of period for disposal of ineligible property or securities--Disallowance as admitted asset. 58-27-77
Immediate disposal of ineligible investment unlawfully acquired. 58-27-78
Nominee holding investments--Definitions. 58-27-79
Name in which investments held. 58-27-80
Holding in name of clearing corporation, custodian bank or nominee--Conditions. 58-27-81
Securities lending, repurchase, reverse repurchase and dollar roll transactions--Agreement required. 58-27-82
Participation in federal reserve book-entry system. 58-27-83
Interest in pool of obligations--Fractional interest in an obligation--Requirements. 58-27-84
Evidence of investment required in absence of certificate. 58-27-85
Banking business authorized--Acquisition of banks--Regulation of such banking business. 58-27-86
Approval of banking acquisition required--Considerations in determining--Conditions. 58-27-87
Banking patronage as prerequisite to issuance of insurance policy prohibited. 58-27-88
Limitation on application of Secondary Mortgage Market Enhancement Act to certain investments. 58-27-89
Definition of terms. 58-27-90
Limitations on acquiring medium or lower grade obligations. 58-27-91
Obligations contracted prior to July 1, 1992. 58-27-92
Multiple obligations in same institution. 58-27-93
Written plans for making medium or lower grade obligations--Contents of plan--Deadline. 58-27-94
Limit on amount invested in medium or lower grade obligations. 58-27-95
Restructuring of medium or lower grade obligation already held. 58-27-96
Conflicting provisions. 58-27-97
Excess transactions. 58-27-98
Promulgation of rules. 58-27-99
Application of §§ 58-27-89 to 58-27-102. 58-27-100
Time limit for compliance with §§ 58-27-89 to 58-27-102. 58-27-101
Investment in money market funds. 58-27-102
Investment in company owned life insurance contracts. 58-27-103
Investment in a collateralized pool of mortgages--Requirements--Restrictions. 58-27-104
Investment in a collateralized pool of assets other than mortgages--Requirements. 58-27-105
Foreign investments. 58-27-106
Ratification of investment. 58-27-108
Rating and valuation of investments--Requirements--Divestment. 58-27-109
"Institution" defined. 58-27-110
Title plans investments.
Joint venture and limited partnership investments.