2005 Idaho Code - 41-736 — PERMITTED INVESTMENTS

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-736.  PERMITTED INVESTMENTS. Subject to other limitation in chapter 7,
title 41, Idaho Code, an insurer shall not invest or have invested at any one
time more than sixty-five percent (65%) of its assets in investments described
in sections 41-721 and 41-728, Idaho Code. Any insurer which, on July 1, 2003,
has in excess of sixty-five percent (65%) of its assets so invested shall not
make any further such investments while the excess exists. The limitations
prescribed in this section shall not apply to mortgage-backed securities rated
one or two by the securities valuation office (SVO) of the national
association of insurance commissioners or to mortgage-backed securities which
qualify as provisionally exempt from filing with the SVO.