Maine § 24-A §1155 Diversification

Maine Statutes

§ 24-A §1155 — Diversification

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 13-A INVESTMENTS OF LIFE INSURERS AND LIFE AND HEALTH INSURERS

Investments of an insurer shall be subject to the following diversification requirements and limitations.

1.Real estate; personal property; equity interests; subsidiaries. Not more than 40% of the insurer's assets in aggregate amount may consist of investments described in the following paragraphs:

2.Counter-party limitations. Except as otherwise expressly provided, an insurer may not invest in or may not incur counter-party exposure to any one person if, after giving effect to those investments and that counter-party exposure, the aggregate of those investments in and that counter-party exposure to that person would exceed 10% of the insurer's admitted assets, with the following exceptions:

3.Other investment limitations. Other investment limitations are as provided in particular secti

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Investments of an insurer shall be subject to the following diversification requirements and limitations.
1.
Real estate; personal property; equity interests; subsidiaries.
Not more than 40% of the insurer's assets in aggregate amount may consist of investments described in the following paragraphs:
2.
Counter-party limitations.
Except as otherwise expressly provided, an insurer may not invest in or may not incur counter-party exposure to any one person if, after giving effect to those investments and that counter-party exposure, the aggregate of those investments in and that counter-party exposure to that person would exceed 10% of the insurer's admitted assets, with the following exceptions:
3.
Other investment limitations.
Other investment limitations are as provided in particular sections of this chapter.

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