41-719 — COLLATERAL LOANS


                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-719.  COLLATERAL LOANS. An insurer may lend and thereby invest its
funds upon the pledge of securities eligible for investment under this
chapter. As at date made, no such loan shall exceed in amount ninety per cent
(90%) of the market value of such collateral pledged. The amount so loaned
shall be included pro rata in determining the maximum percentage of funds
permitted under this chapter to be invested in the respective categories of
securities so pledged.