INVESTMENTS real property for recreation, hospitalization, convalescence, and retirement of employees

Limitation on investments pursuant to Code Sections 33-11-30 or 33-11-31. Prohibited investments; underwriting of offering of securities or property by other persons. Separate accounts for funds received in connection with pension, retirement, and profit-sharing plans; investment of funds; issuance of contracts [Repealed]. Separate accounts for variable annuity contracts; investment of funds; issuance and sale of contracts [Repealed]. Separate accounts for variable life insurance policies; investment of funds; issuance and sale of policies [Repealed]. Investment of funds in excess of reserve and capital, or surplus, in authorized and approved investments. Authority of insurers to convey property or securities in which moneys or assets invested or upon which loans made. Time limit for disposal by insurer of real estate. Time limit for disposal by insurer of personal property or securities deemed unauthorized investments. Effect of failure of insurer to dispose of real estate, personal property, or securities. Investments of foreign and alien insurers; place of domicile. Compliance with Secondary Mortgage Market Enhancement Act. Investments of Life, Accident and Sickness, Property, and Casualty Insurers Sec. 33-11-50. 33-11-51. 33-11-52. 33-11-53. 33-11-54. 33-11-55. 33-11-56. 33-11-57. 33-11-59. 33-11-60. 33-11-61. 33-11-62. 33-11-63. 491 Legislative purpose; application of article; separate accounts. Definitions. Determining minimum financial security benchmark. Factors to be considered in determining prudence. Written plan and policy; duty of board of directors. Investments eligible for support of outstanding liabilities. Conditions for engaging in derivative transactions. Requirements regarding admitted assets at time of acquisition; nonadmitted assets; relation of investment limitation; qualification of investments; documentation; authority of Commissioner; insurance futures. Percentage of securities from single issuer; assignment of excesses; compliance; investment in government obligations. Obligations in different currencies. Prohibited investments and activities. Using investment assets to satisfy minimum assets requirements; qualification of admitted assets; determining financially hazardous insurer. Retention of personnel to assist Commissioner; confidentiality. Determination by Commissioner of noncompliance; reasonable additional restrictions; consideration of other assets by Commissioner. Conditions under which insurer shall not acquire an inSec. 33-11-65.