§ 10-16-320 — Investment of funds

The investable funds of a corporation
subject to the provisions of part 1 of this article and this part 3 may only be invested
in those types of investments which are permitted by law for the investment of the
assets of life insurance companies and in such other types of investments as the
commissioner may permit; notwithstanding any condition, restriction, or exclusion
set forth in sections 10-3-218 and 10-3-220, any asset used for a home office
building or for rental to others held on May 13, 1981, by a company subject to the
provisions of this article shall remain an admitted asset under part 2 of article 3 of
this title so long as such company's home office is located in such asset. The
provisions of section 10-3-233 shall not apply to such corporation.

Legislative History

Source: L. 92: Entire article R&RE, p. 1693, � 1, effective July 1.