2006 Nebraska Revised Statutes - § 44-5152 — Securities Valuation Office; designated obligations.

Section 44-5152
Securities Valuation Office; designated obligations.

(1) Subject to the limitations in subsections (2) through (4) of this section, an insurer may invest in obligations having 3, 4, 5, and 6 designations from the Securities Valuation Office.

(2) Subject to the limitation in subsection (4) of this section:

(a) An insurer's investments in obligations having a 4 designation from the Securities Valuation Office shall not exceed four percent of the insurer's admitted assets;

(b) An insurer's investments in obligations having a 5 designation from the Securities Valuation Office shall not exceed two percent of the insurer's admitted assets; and

(c) An insurer's investments in obligations having a 6 designation from the Securities Valuation Office shall not exceed one percent of the insurer's admitted assets.

(3) Subject to the limitations in subsection (2) of this section:

(a) An insurer's investments in obligations having any combination of 4, 5, and 6 designations from the Securities Valuation Office, except the combination described in subdivision (3)(b) of this section, in the aggregate, shall not exceed four percent of the insurer's admitted assets; and

(b) An insurer's investments in obligations having 5 and 6 designations from the Securities Valuation Office, in the aggregate, shall not exceed two percent of the insurer's admitted assets.

(4) An insurer's investments authorized under this section, in the aggregate, shall not exceed fifteen percent of its admitted assets.

Source:

Laws 1991, LB 237, § 52

Laws 1997, LB 273, § 24

~Reissue Revised Statutes of Nebraska