§ 27-11.1-3 - Maximum investments in investments currently reported in Schedule BA of the annual statement blank. - Rhode Island Statutes

SECTION 27-11.1-3

   § 27-11.1-3  Maximum investments ininvestments currently reported in Schedule BA of the annual statement blank.– A domestic insurance company may invest in those assets, which are currentlyreported in Schedule BA of its annual statement; provided, that thoseinvestments do not exceed in the aggregate ten percent (10%) of the company'sadmitted assets. Those investments may include, but are not limited to, thefollowing types of investments:

   (1) All loans on or investments in oil and gas productionpayments;

   (2) All transportation equipment;

   (3) Timber deeds;

   (4) Mineral rights carried as admitted assets;

   (5) Motor vehicle trust certificates; and

   (6) Any other class of admitted investment not clearlyincludible in other statement schedules.